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Question
LaMike owns 1,000 shares of DAS, Inc.'s common stock. The stock has a par value of $1 per share and is currently selling for $80 per share. DAS declares a 20% stock dividend. In a perfect capital market, after the dividend Sam will haveA) 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.
Answer
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