Tangshan Mining Has 100,000 Shares Outstanding and Just Declared a 20

question 89

Multiple Choice

Tangshan Mining has 100,000 shares outstanding and just declared a 20% stock dividend. Before the announcement, the firm's shares were trading at $50.00 per share. After the stock dividend, the firm's shares should trade at ________ per share.

• A) $42.00
• B) $41.67
• C) $46.33
• D) $50.00

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Definitions:

Transformation

A thorough or dramatic change in form or appearance.

Isobutylbenzene

An organic compound made up of a benzene ring attached to an isobutyl group, used in the manufacture of other chemicals.

Benzene

A carcinogenic aromatic hydrocarbon with a ring of six carbon atoms, used as a starting material in the manufacture of many chemicals.

Organic Product

A molecule or compound produced from organic precursors, often through reactions involving carbon-based molecules.