Question
1. Panera Bread has 10,000,000 shares of stock outstanding with a market price of $75. Panera has decided to pay a $2 per share dividend.
1. Panera Bread has 10,000,000 shares of stock outstanding with a market price of $75. Panera has decided to pay a $2 per share dividend.
a. What is the total market capitalization of Panera Bread prior to the dividend?
b. What share price of stock after the dividend?
c. What is the quantity of shares outstanding after the dividend?
d. What is the total market capitalization of Panera Bread after the dividend?
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Cost management a strategic approach
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
5th edition
73526940, 978-0073526942
