Murphy's, Inc. has 10,000 shares outstanding with a par value of $1.00 per share. The market value is $8 per share. The balance sheet shows $32,500 in excess equity in the par account, $10,000 in the common stock account, and $42,700 in the retained earnings account. The company has just announced a (small) 10% stock dividend. What will the market price per share be after the dividend?

Answer rating: 100% (QA)

To determine the market price per share after the 10 stock dividend we need ... View the full answer