Tolbotics Inc. currently has 10,000 shares of common stock outstanding. Its management believes that its current stock price of 590 per share is too high. The company is planning to conduct stock splits in the ratio of 2 for 1 os described in the animation 6 ertificate or Stock $12 emains If Tolbotics Inc declares a 2 for 1 stock split, the price of the company's stock after the split, assuming that the total value of the firm's stock rem the same after the split, will be Hackworth Hardware Company is one of Tolbotics's leading competitors. Hackworth Hardware Company's market intelligence research team shares Tolbotics's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Hackworth decide to offer stock dividends to its shareholders. 1 If Tolbotics Inc. declares a 2-for-1 stock split, the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split, will be Hackworth Hardware Company is one of Tolbotics's leading competitors. Hackworth Hardware Company's market intelligence research team shares Tolbotics's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives ot Hackworth decide to offer stock dividends to its shareholders A stock dividend is another way of keeping the stock price from going too high. Hackworth currently has 1,100,000 shares of common stock outstanding If the firm pays a 5% stock dividend, how many shares will the form issue to its existing shareholders? 0.46,750 shares 55,000 shares O. 60,500 shares 52,250 shares