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What is the market value per share after the stock dividend

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Reference no: EM133022265

Question - GGI Company has a total market value of rm20million and it has a 2 million shares oustanding , then each share should sell on the open market for rm12. If the company then issues a 10% stock dividend, what is the market value per share after the stock dividend?

a. RM9.10

b. RM10.50

c. RM8.80

d. RM9.50

Reference no: EM133022265

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