Question: If Happy Monkey Manufacturing declares a 3-for-1 stock split, the price of the company's stock after the split, assuming that the total value of the

If Happy Monkey Manufacturing declares a 3-for-1 stock split, the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split, will be .

Scorecard Athletics Corp. is one of Happy Monkey's leading competitors. Scorecard Athletics Corp.'s market intelligence research team shares Happy Monkey's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Scorecard decide to offer stock dividends to its shareholders.A stock dividend is another way of keeping the stock price from going too high. Scorecard currently has 1,300,000 shares of common stock outstanding.

If the firm pays a 7% stock dividend, how many shares will the firm issue to its existing shareholders?

63,700 shares

100,100 shares

91,000 shares

95,550 shares

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