CormexIncPaid a Dividend of $0

question 99

Multiple Choice

CormexInc.paid a dividend of $0.75 per share.It forecasted a $1.90 per share in earnings and had a stock price of $27.Determine the stock price if Cormex declared a 10% stock dividend.

• A)$27.55
• B)$26.55
• C)$25.55
• D)$24.55

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Definitions:

Vertically

In a direction or way that aligns or relates to the top and bottom or head and foot, typically in reference to genetics, to indicate transmission of traits from parent to offspring.

Water

A transparent, tasteless, odorless, and nearly colorless chemical substance, which is the main constituent of Earth's hydrosphere and the fluids of most living organisms.

Sucrose

A disaccharide sugar composed of glucose and fructose, commonly known as table sugar and found naturally in plants.

Translocated

The process of moving or transferring something from one location to another, often referring to the movement of genetic material within or between organisms.