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