Question
(3 ) (Stock dividend) Templeton Care Facilities, Inc. was contemplating a stock dividend. The firm's stock price had risen over the last three years and
(3 ) (Stock dividend)Templeton Care Facilities, Inc. was contemplating a stock dividend. The firm's stock price had risen over the last three years and was trading at $146.28 per share. The firm's board of directors felt that the trading range should be around $46 to $96, so they wanted to initiate a stock dividend that, other things remaining the same, would result in a $46 share price.
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1. What should the stock dividend be so as to result in the desired change in the firm's stock price?
The stock dividend should be _____%. (Round to one decimal place.)
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