Cookies and Cream Has 9,000 Shares of Stock Outstanding at a Market

question 69

Multiple Choice

Cookies and Cream has 9,000 shares of stock outstanding at a market price of $14.65 per share.What will the price per share be after the firm declares a 12 percent stock dividend? Ignore taxes and market imperfections.

• A)$12.24
• B)$13.08
• C)$14.65
• D)$14.96
• E)$15.00

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Definitions:

Simultaneously

Occurring, operating, or done at the same time.

Neural Tube Defects

Birth defects of the brain, spine, or spinal cord that occur when the neural tube does not close completely during early fetal development.

Spina Bifida

A birth defect where there is incomplete closing of the backbone and membranes around the spinal cord, leading to varying degrees of nerve damage and disability.

Folic Acid

A B-vitamin important for cell growth and metabolism, crucial during pregnancy to prevent neural tube defects in the developing fetus.