b) The board of directors of ABC Company recently announced a 24% stock

dividend. Assuming that the current stock price is OMR 8 and there are

700,000 total ordinary shares outstanding of OMR 0.600 each.

You are required to determine the following:

i) Determine the market capitalization of the Company before the stock dividend.

ii) Determine the increase in shares outstanding due to a 20% stock dividend.

iii) Determine the new total shares outstanding.

iv) Determine the price per share of the Company after stock dividend.