The Board Of Directors Declared A Stock Dividend On March 1st, For Shareholders Of Record On March 15th, To Be Issued At March 31st. The Historical Cost Per Share Is $15 And The Share Price On March 1st, 15th And 31st Was $13, $12, $16 Respectively. Which One Of The Following Is The Price The Stock Dividend Will Be Issued At?
The board of directors declared a stock dividend on March 1st, for shareholders of record on March 15th, to be issued at March 31st. The historical cost per share is $15 and the share price on March 1st, 15th and 31st was $13, $12, $16 respectively. Which one of the following is the price the stock dividend will be issued at?
a.
$12
b.
$16
c.
$15
d.
$13
