The board of directors of AI Rehma SAOG recently announced a 12.5% stock dividend. Assuming that the current stock price is OMR 15 and 400,000 total ordinary shares of value OMR 1.900 each is outstanding. How much amount will be the market capitalization of the Company before the stock dividend? OMR 3,000,000 None of these OMR 6,000,000 OMR 2,000,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The board of directors of AI Rehma SAOG recently announced a 12.5% stock dividend. Assuming that the current stock price is
OMR 15 and 400,000 total ordinary shares of value OMR 1.900 each is outstanding. How much amount will be the market
capitalization of the Company before the stock dividend?
OMR 3,000,000
None of these
OMR 6,000,000
OMR 2,000,000
Transcribed Image Text:The board of directors of AI Rehma SAOG recently announced a 12.5% stock dividend. Assuming that the current stock price is OMR 15 and 400,000 total ordinary shares of value OMR 1.900 each is outstanding. How much amount will be the market capitalization of the Company before the stock dividend? OMR 3,000,000 None of these OMR 6,000,000 OMR 2,000,000
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