Little, Inc. paid a 20 percent stock dividend. Prior to the dividend, the stock's price was $50 a share. Immediately after the dividend, the price will
A)
increase to $60.00 a share.
B)
decrease to $40.00 a share.
C)
decrease to $41.67 a share.
D)
do nothing in particular because of the dividend.
C
You might also like to view...
A profit function of Z = 3x2 - 12x + 5 reaches maximum profit at x = 2 units of output
Indicate whether this statement is true or false.
A small increase in the gross profit percentage may indicate an important rise in income
Indicate whether the statement is true or false
Which of the following is true regarding the UCC's Statute of Frauds?
a. The writing involved must be typed, not handwritten. b. The writing must be signed by the party to be charged, not necessarily by all parties c. Any warranties must be included in the writing in order to be enforceable d. The UCC's requirements regarding a writing are strict and place significant burdens on the parties in regard to adequately including all terms of the agreement in the writing.
Mutual funds eliminate the systematic risk through diversification
Indicate whether this statement is true or false.