Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. 2. Shares in Growth Corporation are selling for $45 per share. There are currently 12 million shares outstanding. The stock has a 5-for -
1.
2.
Shares in Growth Corporation are selling for $45 per share. There are currently 12 million shares outstanding. The stock has a 5-for - 4 stock split. How many shares will be outstanding after the split? Please state your answer in millions and rounded to 2 decimal places. Outstanding shares = 20 million What will be the price per share after the split? Enter your answer rounded to two decimal places. Price per share = Dungeoness Corporation has excess cash of $2,500 that it would like to distribute to shareholders as an extra dividend. Current earnings are $0.70 per share, and the stock currently sells for $31 per share. There are 190 shares outstanding. Ignore taxes and other imperfections. If Dungeoness Corp. pays a cash dividend, what will be the dividend per share? After the dividend is paid, what will the price per share be? What are earnings per share (EPS) and the price earnings (P/E) ratio? Enter your answers rounded to 2 DECIMAL PLACES. Dividend per share= 13.16 Price per share = 17.84 Earnings per share (EPS) = 0.7 Price earnings (P/E) ratio= 25.49Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started