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That company (TC) has 5 million common shares outstanding and the stock is currently trading at $40 per share. a) Assuming That company issues a

That company (TC) has 5 million common shares outstanding and the stock is currently trading at $40 per share.

a) Assuming That company issues a 15% common stock dividend, what will be TC's new share price immediately after the dividend?

b) Assume instead that TC issues a 5:2 common stock split, then what will be TCs new share price immediately after the split?

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