Seider Company receives a stock dividend of 100 shares from Dolhun Company.Seider previously owned 750 shares of Dolhun stock that had a cost of $4,800.After the stock dividend,the cost per share of Dolhun stock is now:
A) $5.40.
B) $5.65.
C) $5.76.
D) $6.40.
Correct Answer:
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