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1 point ABC Co. has 200,000 shares of stock outstanding each with a market value of $15. In addition, on the balance sheet there is

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1 point ABC Co. has 200,000 shares of stock outstanding each with a market value of $15. In addition, on the balance sheet there is common stock of $1,950,000 and retained earnings of $1,450,000. Suppose the firm declares a 20% stock dividend. What is the stock's new price per share? Assume there are no taxes or transaction costs. $9.25 O $10.00 $13.25 O $7.50 $12.50

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