St.Lawrence Ltd.and Mississippi Ltd.both have 50,000 shares outstanding and both stocks trade for $8 per share.St.Lawrence Ltd.pays a dividend of $0.75 per share and Mississippi Ltd.pays a 5% stock dividend.After the dividends are paid,the number of shares outstanding for St.Lawrence Ltd.and Mississippi Ltd.,respectively,are:
A) 50,000; 45,500
B) 45,500; 50,000
C) 50,000; 52,500
D) 50,000; 50,000
Correct Answer:
Verified
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A)The same
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