Jenkin's Has 11,000 Shares of Stock Outstanding with a Par

question 244

Multiple Choice

Jenkin's has 11,000 shares of stock outstanding with a par value of $1.00 per share and a market value of $21 per share. The firm just announced a 100 percent (large) stock dividend. What is the
Market value per share after the dividend?

• A) $8.50
• B) $9.00
• C) $10.50
• D) $16.00
• E) $21.00

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Definitions:

Intercalated Discs

Intercalated discs are specialized connections between heart muscle cells (cardiomyocytes), facilitating coordinated contraction through electrical and mechanical linkage.

Gap Junctions

Specialized intercellular connections that allow for direct communication between cells through the exchange of ions and small molecules.

Cardiac Muscle

A type of involuntary striated muscle found exclusively in the heart, responsible for heart contractions.

Left Coronary Artery

The artery that supplies blood to the left side of the heart, branching into the circumflex and left anterior descending arteries.