Tangshan Mining has 100,000 shares outstanding and just declared a 20%
Tangshan Mining has 100,000 shares outstanding and just declared a 20% stock dividend. Before the announcement, the firm’s shares were trading at $50.00 per share. After the stock dividend, the firm’s shares should trade at ________ per share.
A) $42.00
B) $41.67
C) $46.33
D) $50.00
ANSWER
B
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