Downtown deli has 2000 shares of stock outstanding with a, Ask an Expert

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Downtown Deli has 2,000 shares of stock outstanding with a par value of $1 per share and a market value of $26 per share. The balance sheet shows $2,000 in the common stock account, $9,500 in the capital in excess of par account, and $14,500 in the retained earnings account. The firm just announced a stock dividend of 75 percent. What is the market value per share after the dividend?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91729394

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