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18. The Turtle Cave currently has 160,000 shares of stock outstanding that sell for $60 per share. Assume no market imperfections or tax effects exist. What will the new share price be if the firm declares a 10 percent stock dividend? A. $52.17 B. $54.55 C. $60.00 D. $64.50 E. $69.00 19. Della's Pool Halls has 12,000 shares of stock outstanding with a market price of $39 a share. The firm just announced a 4-for-3 stock split. How many shares of stock will be outstanding after the split? A. 9,000 shares B. 10,000 shares C. 12,000 shares D. 14,600 shares E. 16,000 shares 20. Alfonzo's Italian House has 25,000 shares of stock outstanding with a market price of $28 a share. The firm just announced a 5-for-1 stock split. What will the market price per share be afte the split? A. $%1.68 B. $2.16 C. $2.80 D. $4.67 E. $5.60