Sorsi Has Declared a 15% Stock Dividend

question 52

Multiple Choice

Sorsi has declared a 15% stock dividend. If the stock was selling for $34 before the ex-dividend date, what should its price be on the ex-dividend date?

• A) $34.00
• B) $29.57
• C) $28.90
• D) $30.91

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Definitions:

Transferring Property

The act of passing the ownership of an asset or property from one party to another through sale, gift, or other methods.

Security Interest

A legal right or claim against collateral pledged as security for the repayment of a loan.

Allowed Claim

A creditor's claim that is approved by a bankruptcy court for payment from the bankruptcy estate.

Art Collection

The accumulation of works of art by an individual or institution, typically considered a form of investment or cultural accumulation.