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Some firms that use slightly below the market price. dividend reinvestment plan will allow stockholders to purchase stock at a price If Happy Monkey Manufacturing declares a 2-for-1 stock split, the price of the companys stock after the split, assuming that the total value of the firms stock remains the same after the split, will be Fuzzy Muffin Manufacturing Company is one of Happy Monkeys leading competitors. Fuzzy Muffin Manufacturing Companys market intelligence research team shares Happy Monkeys plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Fuzzy Muffin decide to offer stock dividends to its shareholders. if the firm pays a 6% stock dividend, how many shares will the firm issue to its existing shareholders? O 79,800 shares O 114,000 shares O 125,400 shares O 119,700 shares A stock dividend is another way of keeping the stock price from going too high. Fuzzy Muffin currently has 1,900,000 shares of common stock outstanding.
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