2. Splits and Dividends. Shares in Raven Products are selling for $80 per share. There are 1...
Question:
2. Splits and Dividends. Shares in Raven Products are selling for $80 per share. There are 1 mil- lion shares outstanding. What will be the share price in each of the following situations? Ignore taxes. (LOI)
a. The stock splits five for four.
b. The company pays a 25% stock dividend.
c. The company repurchases 100,000 shares.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780073382302
6th Edition
Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus
Question Posted: