Multiple Choice
Sam owns 1,000 shares of XYZ Corporation's common stock.The stock has a par value of $1 per share and is currently selling for $80 per share.XYZ declares a 20% stock dividend.In a perfect capital market,after the dividend Sam will have
A) 1,200 shares selling for $66.67 each.
B) 1,020 shares selling for $80.80 each.
C) 1,200 shares selling for $96.00 each.
D) 1,020 shares selling for $64.00 each.
Correct Answer:
Verified
Correct Answer:
Verified
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