8. Stock dividends and stock splits Consider the case of InputOutzone Inc.: too high. The company is planning to conduct stock splits in the ratio of four for one as described in the animation. If InputOutzone Inc. declares a four-for-one stock split, what will be the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split? Scorecard Corp. is one of InputOutzone Inc.'s leading competitors. Scorecard Corp.'s market intelligence research team shares Inputout plans of announcing a stock split, influencing the distribution policymakers. Consequently, executives at Scorecard Corp. decide to offer dividends to their shareholders. A stock dividend is another way of keeping the stock price from going too high. Scorecard Corp. currently has 1,300,000 shares of common stock outstanding. If the firm pays a 7% stock dividend, how many shares will the firm issue to its existing shareholders? 91,000 shares 81,900 shares 68,250 shares 86,450 shares