An investor owns 1000 shares of stock in ABC Corp. with a market value of $1,200

Question

An investor owns 1000 shares of stock in ABC Corp. with a market value of $1,200. ABC declares a 20% stock dividend. After the dividend is paid, John owns____________

1200 shares with a market value of $1,000.

1000 shares with a market value of $1,200.

1200 shares with a market value of $1,200

1200 shares with a market value of $1,000.

1200 shares with a market value of $1,000.

1000 shares with a market value of $1,200.

1200 shares with a market value of $1,200

1200 shares with a market value of $1,000.

Explanation / Answer

Correct option:

1200 shares with a market value of $1,200

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