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vidends and Dividend Policy Saved Help Save & Exit Murphy's, Inc., has 32,550 shares of...

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vidends and Dividend Policy Saved Help Save & Exit Murphy's, Inc., has 32,550 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The balance sheet shows $89,050 in the capital in excess of par account, $32,550 in the common stock account, and $159,950 in the retained earnings account. The firm just announced a stock dividend of 14 percent. What will the market price per share be after the dividend? Multiple Choice O $10.53 O O $1153 O $12.00 O C) $11.40 ends and Dividend Policy i Saved $10.53 $1.53

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