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Irrelevance of Stock Dividends: Example Fendler Co. has 2 million shares currently outstanding at $15 per share. The company declares a 50% stock dividend. How

Irrelevance of Stock Dividends: Example Fendler Co. has 2 million shares currently outstanding at $15 per share. The company declares a 50% stock dividend. How many shares will be outstanding after the dividend is paid? After the stock dividend what is the new price per share and what is the new value of the firm

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