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The board of directors of Power Electricals Company recently announced a 7 % stock dividend. Assuming that the current stock price is OMR 6 and

The board of directors of Power Electricals Company recently announced a 7 % stock dividend. Assuming that the current stock price is OMR 6 and there are 100,000 total ordinary shares outstanding of OMR 1 each. What will be the amount of market capitalization of the company before the stock dividend?

a.

OMR 700,000

b.

None of these.

c.

OMR 600,000

d.

OMR 100,000

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