Multiple Choice
Tellabs distributes a 15% stock dividend. Before distributing the stock dividend, Tellabs had 15 million shares. How many outstanding shares does the firm have after it makes the stock dividend distribution?
A) 15 million shares
B) 17 million shares
C) 17.25 million shares
D) 17.50 million shares
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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