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Firm DEF is currently worth $9,034,800 and its shares are trading at $60 each. DEF is considering offering a 35% stock dividend. If it goes

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Firm DEF is currently worth $9,034,800 and its shares are trading at $60 each. DEF is considering offering a 35% stock dividend. If it goes ahead with the stock dividend, what would be the stock price after the dividend is paid, holding all else constant? a) $60.00 b) $39.00 c) $92.31 O d) $44.44 e) $59.65

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