LEARNING OBJECTIVE: Examine the residual dividend model. According to the residual dividend model, what would a company do if its net income exceeds its financing needs for planned projects? a.) Develop more new projects b.) Keep the unallocated income as retained earnings oc.) Determine the preferred payout ratio of its investors d.) Distribute the remainder as cash dividends SUBMIT MY ANSWER Chiara owns 100 shares of stock valued at $20/share in Company A. After the company issues a 5% stock dividend, what does Chiara own? a.) 100 shares valued at $20/share b.) 105 shares valued at $19.05/share O c.) 100 shares valued at $21/share d.) 105 shares valued at $20/share SUBMIT MY