Cookies and Cream has 64,000 shares outstanding at a market price of $80.73. What will the share price be if the company declares a stock dividend of 14.4 percent?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
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Cookies and Cream has 64,000 shares outstanding at a market price of $80.73. What will the share price be if the company declares a stock dividend of 14.4 percent?
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