Jerri Currently Owns 200 Shares of Alpha Stock

question 19

Multiple Choice

Jerri currently owns 200 shares of Alpha stock. Each share is currently worth $36. What will Jerri's investment in Alpha be worth if the company declares a 4-for-3 stock dividend?

• A) $5,400
• B) $7,200
• C) $9,000
• D) $21,600
• E) $28,800

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Definitions:

Overstated

When financial information or figures are represented to be more significant or higher than they actually are.