Stock dividend$-$Investor Personal Finance Problem Sarah Warren currently holds $600$ shares of Nutri$-$Foods. The firm has $35,000$ shares outstanding. The firm most recently had earnings available for common stockholders of $$82,000,$ and its stock has been selling for $$24$ per share. The firm intends to retain its earnings and pay a $15\%$ stock dividend.

a$.$ How much does the firm currently earn per share?

b$.$ What proportion of the firm does Sarah Warren currently own?

c$.$ What proportion of the firm will Warren own after the stock dividend?

d$.$ At what market price would you expect the stock to sell after the stock dividend?

e$.$ Discuss what effect, if any, the payment of stock dividends will have on Sarah's share of the ownership and earnings of Nutri$-$Foods.