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Cookies and Cream Has 5,000 Shares of Stock Outstanding at a Market

question 33

Multiple Choice

Cookies and Cream has 5,000 shares of stock outstanding at a market price of $8.29 per share.What will be the price per share after a stock dividend of 8 percent? Ignore taxes and market imperfections.


Definitions:

Fined Monetarily

Penalized by being required to pay a specific sum of money as punishment for an offense or violation.

Retrained

The act of teaching or training someone or something again, often to regain lost skills or learn new ones.

Nausea

A feeling of sickness with an inclination to vomit.

Unspecified

A term used when a particular detail, condition, or classification is not clearly defined or stated.

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