Answer:
d) 515 shares valued at $29.13/share
Explanation:
The computation is shown below:
As we know that the stock dividend does not rise the value of the stock
The number of shares in the given case is
= 500 shares × 1.03
= 515
Now the price would decrease to
= $30 ÷ (1 + 0.03)
= $29.13
hence, the correct option is d as farrah owns 515 shares that valued at $29.13 per share
The same is relevant
