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The board of directors of XYZ Company recently announced a 15% stock dividend. Assuming that the current stock price is OMR 15 and 200,000 total

The board of directors of XYZ Company recently announced a 15% stock dividend. Assuming that the current stock price is OMR 15 and 200,000 total ordinary shares of value OMR 1 each is outstanding. How much amount will be the market capitalization of the Company before the stock dividend?

a.

OMR 200,000

b.

OMR 3,000,000

c.

OMR 450,000

d.

OMR 30,000

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