7. You are a shareholder in XYZ Corporation and you currently own 1,000 shares of common stock a. If XYZ Corporation declares a 5.50 per share cash dividend, what is the effect on you? b. If XYZ Corporation declares a 10% stock dividend when the market price of the stock is $35 per share, what is the effect on you? c. If XYZ Corporation declares a 300% stock dividend when the market price of the shares is $240, what is the effect on you? d. If XYZ Corporation declares a 4 for 1 stock split when the market price of the shares is $240, what is the effect on you? 7. You are a shareholder in XYZ Corporation and you currently own 1,000 shares of common stock a. If XYZ Corporation declares a 5.50 per share cash dividend, what is the effect on you? b. If XYZ Corporation declares a 10% stock dividend when the market price of the stock is $35 per share, what is the effect on you? c. If XYZ Corporation declares a 300% stock dividend when the market price of the shares is $240, what is the effect on you? d. If XYZ Corporation declares a 4 for 1 stock split when the market price of the shares is $240, what is the effect on you