Rocky Ground Camping Supply Inc. has 200,000 shares of stock outstanding each with a market value of

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Rocky Ground Camping Supply Inc. has 200,000 shares of stock outstanding each with a market value of $15. In addition, on the balance sheet there is common stock of $1,950,000 and retained earnings of $1,450,000. Suppose the firm declares a 20% stock dividend. What is the stock's new price per share? Assume there are no taxes or transaction costs.

Posted Date: Dec 06, 2021 03:58 PM

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Rocky Ground Camping Supply Inc. has 200,000 shares of stock outstanding each with a market value of

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total market value 200000 15 3000000 ... View the full answer

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