The Turtle Cave Currently Has 160,000 Shares of Stock Outstanding

question 12

Multiple Choice

The Turtle Cave currently has 160,000 shares of stock outstanding that sell for $60 per share.Assume no market imperfections or tax effects exist.What will the new share price be if the firm declares a 10 percent stock dividend?

• A)$52.17
• B)$54.55
• C)$60.00
• D)$64.50
• E)$69.00

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Definitions:

Zone of Proximal Development

A concept developed by Vygotsky, describing the difference between what a learner can do without help and what they can achieve with guidance and encouragement.

Vygotsky

A Soviet psychologist known for his theory on social development of children and the concept of the Zone of Proximal Development.

Deductive Inferences

The process of reasoning from one or more statements (premises) to reach a logically certain conclusion.

Inductive Inferences

The logical process of deriving general principles from specific observations or instances.