Question: Glendale Paving currently has 4 5 , 0 0 0 shares of stock outstanding that sell for $ 3 8 per share. Assume no market

Glendale Paving currently has 45,000 shares of stock outstanding
that sell for $38 per share. Assume no market imperfections or tax
effects exist. What will be the new share price if the firm
declares a stock dividend of 22 percent?

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