Question 14
2 Points
LaMike owns 1,000 shares of DAS, Inc.'s common stock. The stock has a par value of $1 per share and is currently selling for $80
per share. DAS declares a 20% stock dividend. In a perfect capital market, after the dividend Sam will have
(A) 1,020 shares selling for $64.00 each.
(B) 1,200 shares selling for $66.67 each.
(C) 1,200 shares selling for $96.00 each.
(D) 1,020 shares selling for $80.80 each.