FCF Co. has

12 comma 00012,000

shares outstanding and a total market value of

$ 1$1

million,

$ 310 comma 000$310,000

of which is debt and the other

$ 690 comma 000$690,000

is equity. It is planning a

10 %10%

stock dividend.

a. What is the stock price before the dividend, and what will it be after the dividend?

b. If an investor owns

30003000

shares before the dividend, what will be the total value of her investment in FCF before and after the dividend?