On October 1, Oriole Corporation's stockholders' equity is as follows. Common stock, $7 par value $535,500 Paid-in capital in excess of par-common stock 30,000 Retained earnings 167,000 Total stockholders' equity $732,500 On October 1, Oriole declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) X Your answer is incorrect. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend 9.58 Par value after the stock dividend 2$ 8.71

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing t…