RST had the following shareholders and the shares owned by each on November 15: On that date, RST declared a 1 for 2 common stock dividend.The stock was selling for $10 per share.RST issued fractional share rights when necessary.RST had to issue which of the following number of fractional share rights:
A)Three.
B)More than three.
C)One.
D)Two.

Question

RST had the following shareholders and the shares owned by each on November 15:  On that date, RST declared a 1 for 2 common stock dividend.The stock was selling for $10 per share.RST issued fractional share rights when necessary.RST had to issue which of the following number of fractional share rights:
A)Three. 
B)More than three. 
C)One. 
D)Two.

Quizplus · Accepted Answer

The Answer of RST had the following shareholders and the shares owned by each on November 15:  On that date, RST declared a 1 for 2 common stock dividend.The stock was selling for $10 per share.RST issued fractional share rights when necessary.RST had to issue which of the following number of fractional share rights:
A)Three. 
B)More than three. 
C)One. 
D)Two.

RST Had the Following Shareholders and the Shares Owned by Each