2. Kai Inc. has 420,000 shares outstanding at a market price of $33.00 share of the company declares 3-for-2 stock split, they will have shares outstanding at a market price of A 280,000, 522.00 B.280,000, 533.00 C280,000, $49.50 0.630,000 $22.00 E 630,000, 519.50 3. Ki Chung Corporation has decided on a 20 stock didend. The firm currently has 900,000 shares outstanding how many shares will be outstanding her the stock dividend? A 4.500,000 shares 6. 1,080,000 shares C720,000 shares D.180,000 shares E90,000 shares 4. Chung Corporation just declared a 5052 dividend per share based on t5 of 56 50. Calculate the retention ratio A 92% 8.8% C. 75% 0.25 E 18 5. KAI Tech, Inc. is a technology firm with good growth prospects. The firm wishes to do something to acknowledge the loyalty of its shareholders but needs of table cash to fund its rapid growth. The market price of its stock is currently trading in the middle of the preferred trading range, The firm could consider A Issuing a liquidating dividend 3. A stock split CA reverse stock split D. Issuing a stock dividend Lissuing a special stock dividend. Chapter 18 6. Your firm has a net cash inflow for the quarter of $25 (negative). The beginning cash balance is $12. Company policy is to maintain a minimum cash balance of $10 and borrow only the amount that is necessary to maintain that balance. How much does your firm need to borrow to have a zero Cumulative surplus? A 50 8.94 C. $10 0.518 524 7. Which of the following would NOT fall under the heading of short-term financial planning? A. A firm is considering increasing inventory to increase responsiveness to its customers B. A firm is considering steps to shorten its collection period CA firm is considering making it easier for customers to purchase on credit D. A firm is considering offering cash discounts to customers they pay within 10 days. E A firm is considering whether