Question
19. UbeB Inc., has 3,000 shares of stock outstanding with a par value of $1 per share. The market value is $100 per share. The
19.
UbeB Inc., has 3,000 shares of stock outstanding with a par value of $1 per share. The market value is $100 per share. The firm just announced a stock dividend of 15 percent. What will the market price per share be after the stock dividend?
Group of answer choices
A. $86.96
B. $115
C. $666.67
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Fundamentals of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
5th edition
205989756, 978-0205989751
