Multiple Choice
Grabill Aerospace Company has just declared a 15% stock dividend. Immediately prior to the stock dividend, the stock was selling for $23 and had a P/E ratio of 14. Calculate the post-stock dividend price of Grabill's stock.
A) $26.45
B) $20.00
C) $26.22
D) $20.18
Correct Answer:
Verified
Correct Answer:
Verified
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