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.
Correct Answer:
Verified
Correct Answer:
Verified
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