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:

Sunshine

The direct light emitted by the sun, often considered in various contexts such as weather, solar energy, and environmental studies.

Melanoma

A type of skin cancer developing from the melanocytes, the cells that produce melanin, which gives skin its color.

Slope

In linear regression, it quantifies the change in the dependent variable for a one-unit change in an independent variable.

Regression Line

A straight line that best fits the data in a scatter plot, showing the direction and strength of a relationship between variables.