F Co. declares a 5% stock dividend. If the market price at declaration is $12 per share, a shareholder with 110 shares likely would receive:
A. 5 additional shares.
B. fractional share rights for 5 ½ shares.
C. 5 additional shares and $6 in cash.
D. 5 additional shares and a fractional share right for 2 ½ shares.
Answer: C
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.