Question: Please explain the correct answer and explain why the other options are wrong! 11. If a firm currently has 1 million shares, and issues another

Please explain the correct answer and explain why the other options

Please explain the correct answer and explain why the other options are wrong!

11. If a firm currently has 1 million shares, and issues another 1 million shares as stock dividends (i.e., each shareholder doubles their number of shares). Which event below will happen? A. Stock price remains the same. B. Stock price raises by 100%. C. Stock price decreases by 100%. D. Stock price decreases by 50%

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