DE14-6 Wearall Rubber Products has prospered during the past ten years, and the com- pany's stock price
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DE14-6 Wearall Rubber Products has prospered during the past ten years, and the com- pany's stock price shot up to $59 recently. Wearall management wishes to decrease its stock price to around $30, which will be attractive to more investors. Should Wearall issue a 100% stock dividend or split the stock? If you propose a stock split, state the split ratio that will accomplish the company's objective. Show your computations.
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Related Book For
Accounting
ISBN: 9780130906991
5th Edition
Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones
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