The board of directors declared a stock dividend on March 1st, for shareholders of record on March 15th, to be issued at March 31st. The historical cost per share is $15 and the share price on March 1st, 15th and 31st was $13, $12, $16 respectively. Which one of the following is the price the stock dividend will be issued at? a $16 Ob. $15 Oc $13 Od $12
