CCR Stock Is Currently Trading at $63 Per Share

question 87

Multiple Choice

CCR stock is currently trading at $63 per share.If CCR issues a 25% stock dividend,what would its new share price be?

• A)$50.40
• B)$78.75
• C)$15.75
• D)$252.00
• E)$63.00

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Definitions:

Mirror Image

A rule in contract law stating that an offer must be accepted exactly with no modifications; the acceptance must "mirror" the offer.

Mutual Assent

Mutual assent is the agreement between parties to enter into a contract, demonstrated by offer and acceptance.

Counteroffer

A proposal made in response to an initial offer, containing different terms that must be accepted for a contract to be legally binding.

Merchant

An individual or business entity engaged in the buying and selling of goods for profit, typically possessing specialized knowledge in the goods traded.