Inland Co., has a total of 40,000 shares of common stock outstanding and no preferred stock. Total

Question:

Inland Co., has a total of 40,000 shares of outstanding and no preferred stock. Total stockholders' equity at the end of the current year amounts to $2.5 million and the market value of the stock is $33 per share. At year-end, the company declares a 10 percent stock dividend-one share for each 10 shares held. If all parties concerned clearly recognize the nature of the stock dividend, what should you expect the market price per share of the to be on the ex-dividend date?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...