Answer:
Option "C" is the correct answer to the following statement.
Explanation:
Given:
Total number of shares = 3,000
Stock dividend rate = 5%
Total Amount of shares = 3,000 x $10
= 30,000
Number of stock Dividend = 30,00 x 5%
= 150
Total Number of stock after stock dividend = 3,000 + 150
= 3,150
Per share of common stock after stock dividend = Total stock dividend amount / Number of stock after stock dividend
= 30,000 / 3,150
= 9.523
9.52 (approx)
