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On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this dividend, Tina had 50,000 shares of $10 par value
On July 15, 2015, Tina declared and issued a 15 percent stock dividend. Prior to this dividend, Tina had 50,000 shares of $10 par value common stock issued and outstanding. The market value of Tinas common stock on July 15, 2015, was $23 per share. All else equal, what would we expect the approximate market value per share of Tinas stock to be after the dividend?
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