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:

Spermatocyte

A type of cell that undergoes meiosis to form sperm cells in the male reproductive system.

Spermatid

A haploid male gametid that results from division of secondary spermatocytes and matures into spermatozoon.

Fetal Development

The process of growth and development within the womb, where the fetus goes through various stages before birth.