Use the Information for the Question(s)below

question 69

Multiple Choice

Use the information for the question(s) below.
Luther Industries currently has 5 million shares outstanding and its stock is currently trading at $40 per share.
-Assuming Luther issues a 25% stock dividend,then Luther's new share price is closest to:

• A)$24.00.
• B)$30.00.
• C)$16.00.
• D)$32.00.

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Definitions:

Work Efficiently

The practice of performing tasks in a productive manner with minimal waste of time and resources.

Minimize Hours

The act of reducing the amount of time spent on tasks or activities to increase efficiency or cost-effectiveness.

Business Invitee

A person who enters commercial premises for the purpose directly or indirectly related to the business of the premises owner, under the owner's invitation.

Business Guest

A visitor to a company or organization for professional reasons, often invited for meetings, partnerships, or conferences.