Olafanu owns shares in a stock where the market value of the firm is $500 million and
Question:
Olafanu owns shares in a stock where the market value of the firm is $500 million and the number of shares outstanding is 90 000. What is value of the stock on a per share basis?
Step by Step Answer:
The value of the stock on a per share b...View the full answer
Related Video
Stocks (also known as equities) are securities that represent ownership in a company. They are issued by companies to raise capital, and when an individual buys stocks, they become a shareholder in that company. Investing in stocks can be a way for individuals to potentially earn a return on their investment through dividends and capital appreciation. However, investing in stocks also carries a level of risk, as the value of the stock can fluctuate based on various factors such as the financial performance of the company and general market conditions. For companies, issuing stocks can be a way to raise funds for growth and expansion. When a company goes public by issuing an initial public offering (IPO), it can raise significant capital by selling ownership stakes to the public. Companies can also issue additional stock offerings to raise additional capital as needed.
Students also viewed these Business questions
-
The idea of using the difference between the market value of the firm and accounting book values as an indicator of market power and/or valuable intangible assets stems from the pioneering work of...
-
The market value of Granger Corporations common stock had become excessively high. The stock was currently selling for $240 per share. To reduce the market price of the common stock, Granger declared...
-
The following are unrelated transactions. 1. On March 1, 2011, Loma Corporation issued $300,000 of 8% non-convertible bonds at 104, which are due on February 28, 2028. In addition, each $1,000 bond...
-
please give a screen shot of the code and explainIneed a screen shot of code and explain Assume that \( n, z(1: n), L, R \), and \( a(1: 6) \) are available. Write an efficient Matlab script that...
-
Show that the volume of a general cone (Figure 20) is 5 Ah, where A is the area of the base and h is the height. Use this result to give the formula for the volume of (a) A right circular cone of...
-
Lowes Companies, Inc., is a home improvement company offering a range of products for maintenance, repair, remodeling, and decorating. During the recovery phase since the financial crisis of 2008,...
-
Where are unrealized gains and losses on available-for-sale securities reported? AppendixLO1
-
Why are time value concepts important in ordinary business dealings, especially those involving contracts?
-
Which of the following statements is true regarding the relationship between net profit and cash flow on a set of financial statements prepared using generally accepted accounting principles (GAAP)?...
-
If you are not familiar with The Priceline Group Inc. (PCLN), go to its Web site. Assume that an individual "names a price" of $90 on Priceline.com for a room in Miami, Florida, on September 3....
-
How might your expectations of economic conditions influence your asset allocation? What is the problem with relying on your expectations of economic conditions to determine your asset allocation...
-
Joel purchased 100 shares of stock for $20 per share. During the year, he received dividend cheques amounting to $150. After three years, Joel sold the stock for $32 per share. What was his holding...
-
What is the effect if the requirements of the Statute of Frauds are not met? Will anything else other than actual writing satisfy the requirements of the Statute of Frauds?
-
Design an arithmetic circuit with two selection variables S 1 and S 0 and two n- bit data inputs A and B. The circuit generates the following eight arithmetic operations in conjunction with carry C...
-
Larrys Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Larrys prints...
-
Pecos Pecan Pads makes pressed pecan wood covers to prevent weed growth. During July 2009, the company produced and sold 44,000 rolls and recorded the following cost data: Requirements 1. Compute the...
-
The Human Resources departments costs are allocated to the other departments based on the number of direct labor hours. The departments expected fixed costs are 400,000 and its variable costs are...
-
A lawyer allocates overhead costs based on her hours working with different clients. The lawyer expects to have \($200,000\) in overhead during the year and expects to work on clients cases 2,000...
-
For the following exercises, convert the angle measures to degrees. /4
-
Sandcastles, Inc.s management has recently been looking at a proposal to purchase a new brick molding machine. With the new machine, the company would not have to buy bricks. The estimated useful...
-
Help the Sampsons estimate their federal income taxes for this year by filling in the following worksheet. Gross Income Retirement Plan Contribution Adjusted Gross Income Deductions Interest Expense...
-
The Sampsons think that it will be very difficult for them to pay the full amount of their taxes at this time. Consequently, they are thinking about underreporting their actual income on their tax...
-
a. Prepare personal financial statements for Brad, including a personal cash flow statement and personal balance sheet. b. Based on these statements, make specific recommendations to Brad about what...
-
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
-
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
-
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...
Study smarter with the SolutionInn App