Question
Alpha Corp. has 50,000 shares outstanding and a stock price of $24 per share. If the company pays a 60% stock dividend, Alpha Corp. will
Alpha Corp. has 50,000 shares outstanding and a stock price of $24 per share. If the company pays a 60% stock dividend, Alpha Corp. will have ______ shares outstanding and a stock price of ______.
A) 31,250; $24 B) 31,250; $38.40 C) 80,000;$15 D) 80,000; $24
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Personal Finance
Authors: McGraw Hill
Student Edition
0078958393, 978-0078958397
