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Greb Corp.'s stock price is currently $50 a share. How much will the new stock price be if the firm declares a 10% stock dividend

Greb Corp.'s stock price is currently $50 a share. How much will the new stock price be if the firm declares a 10% stock dividend and the firm's market value remains the same?

a. $45.45

b. $55.00

c. $55.55

d. not enough information to compute the new stock price

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