Markus Needman,Inc.just paid a 30% stock dividend to its shareholders.If the price of the companies shares was $100 before the dividend,what should the price of the shares be now? If helpful,assume that the company had 500 shares outstanding before the stock dividend?
A) $100.00
B) $76.92
C) $70.00
D) none of the above
Correct Answer:
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