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(Calculating the ex-dividend stock price) The stock price of Perkiman Go Inc. is currently $39.04 a share. If the firm announces a stock dividend of
(Calculating the ex-dividend stock price) The stock price of Perkiman Go Inc. is currently $39.04 a share. If the firm announces a stock dividend of 12%, what do you expect the ex-dividend stock price to be? What about a 23% stock dividend?
a.) If the firm pays a stock dividend of 12% the ex-dividend stock price will be $( ) (Round to the nearest cent.)
b.) If the firm pays a stock dividend of 23% the ex-dividend stock price will be $( ) (Round to the nearest cent.)
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