Companies sometimes consider stock splits to bring down the price so that the stock attracts more purchases. Consider the following case: per share is too high. The company is planning to conduct stock splits in the ratio of 4 for 1 as described in the animation. If Happy Monkey Manufacturing declares a 4-for-1 stock split, 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 Athletics Corp. is one of Happy Monkey's leading competitors. Scorecard Athletics Corp.'s market intelligence research team shares Monkey's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Scorecard decide to offer stock dividends to its shareholders. A stock dividend is another way of keeping the stock price from going too high. Scorecard currently has 1,100,000 shares of common stock outstanding. If the firm pays a 3% stock dividend, how many shares will the firm issue to its existing shareholders? 31,350 shares 36,300 shares 28,050 shares 33,000 shares