Problemmarthas baked goods has 15000 shares of stock, Ask an Expert

Accounting

Problem:

Martha's Baked Goods has 15,000 shares of stock outstanding at a market price of $24.10 per share.

Required:

Question: What will the price per share be after the firm declares a 5 percent stock dividend?

$25.31
$24.10
$22.90
$22.95
$25.40

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170017

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