What should the stock dividend be so as to result in the


(Stock dividend) Templeton Care Facilities, Inc, was contemplating a stock dividend. The firm's stock price had risen over the last three years and was trading at $149.25 per share. The firm's board of directors felt that the trading range should be around $49 to $99 so they wanted to initiate a stock dividend that, other things remaining the same, would result in a $49 share price. What should the stock dividend be so as to result in the desired change in the firm's stock price? The stock dividend should be % (Round to one decimal place.)

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Financial Management: What should the stock dividend be so as to result in the
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