Question
1.Hoffman Corporation is currently taking for 200 and has 18,000 shares outstanding. If Hoffman does a 3 for one stock split, what should the new
1.Hoffman Corporation is currently taking for 200 and has 18,000 shares outstanding. If Hoffman does a 3 for one stock split, what should the new stock price be?
2.Jasmine Inc has a Net Income of 680, a target equity fraction of 0.7, and a project new capital budget of 300. What should Jasmine's dividend be under the residual dividend model?
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
