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Business, 05.05.2020 07:30, ivanlopez9852
Murphy's, Inc., has 32,150 shares of stock outstanding with a par value of $1 per share. The market value is $14 per share. The balance sheet shows $88,250 in the capital in excess of par account, $32,150 in the common stock account, and $151,950 in the retained earnings account. The firm just announced a stock dividend of 14 percent. What will the market price per share be after the dividend?
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Murphy's, Inc., has 32,150 shares of stock outstanding with a par value of $1 per share. The market...
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