Murphys inc has 10000 shares of stock outstanding with a, Financial Management

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Murphys inc has 10000 shares of stock outstanding with a

Murphy's, Inc. has 10,000 shares of stock outstanding with a par value of $1.00 per share. The market value is $8 per share. The balance sheet shows $32,500 in the capital in excess of par account, $10,000 in the common stock account and $42,700 in the retained earnings account. The firm just announced a 10% (small) stock dividend. What will the market price per share be after the dividend? A. $7.20 B. $7.27 C. $7.33 D. $8.00 E. $8.80

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Financial Management: Murphys inc has 10000 shares of stock outstanding with a

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