A Stock Is Currently Selling for $40 a Share

question 51

Multiple Choice

A stock is currently selling for $40 a share. If the firm declares a 3-for-2 stock dividend there will be:

• A) two-thirds as many shares outstanding priced at $60 each.
• B) three times as many shares outstanding priced at $26.67 each.
• C) 50% more shares outstanding priced at $26.67 each.
• D)one-and-one-half times as many shares outstanding price at $60 each.

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Definitions:

Academic Achievement

The extent of knowledge and skill a person has acquired through education and learning.

Stable Over Time

A term describing something that remains consistent and unchanged over a significant period.

Dyscalculia

A specific learning disability that affects a person's ability to understand numbers and learn math facts.

Quantitative IQ

Refers to the measure of the intelligence of an individual expressed as a number derived from standardized tests.