1. Snipe Crop issued a 40% common stock dividend. Their common stock has a par value of 2% per share. Market value of the stock was $21 on the day of the dividend was declared and the $26 on the day of the dividend was issued. How much will retained earnings drol per share value for the dividend.

A. The retained earnings balance isn't affected by a stock dividend

B. Market value per share value on the declaration rate

C. par value per share

D. Market value per share on the payment date