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Cookies and Cream has 40,000 shares outstanding at a market price of $90.24. What will the share price be if the company declares a stock

Cookies and Cream has 40,000 shares outstanding at a market price of $90.24. What will the share price be if the company declares a stock dividend of 17.5 percent?

$90.24

$83.52

$76.80

$80.16

$106.03

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