5. Financial managers are concerned about the impact of the dividend decisions on companies values and shareholders' wealth. For the following cases show how dividend decisions impact values of companies and shareholders wealth. (ILOS: A1/B1/B3) (8 Points; as indicated) a. Ginger, Inc., has declared a $6.30 per share dividend. Suppose capital gains are not taxed, but dividends are taxed at 20 percent. New IRS regulations require that taxes be withheld at the time the dividend is paid. The company's stock sells for $94.45 per share, and the stock is about to go ex dividend. What do you think the ex-dividend price will be? (2 Points) (Do not round intermediate calculations and round your answer to 2 decimal places). Price b. Simmons Mineral Operations, Inc., (SMO) currently has 440,000 shares of stock outstanding that seil for $70 per share. Assuming no market imperfections or tax effects exist what will the share price be after (6 Points) SMO has a four-for-three stock split? (1 Point) (Do not round intermediate calculations and round your answer to 2 decimal places) 1 11 Share Price SMO has a 10 percent stock dividend? (1 Point) (Do not round intermediate calculations and round your answer to 2 decimal places) III Share Price SMO has a 45.5 percent stock dividend? (1 Point) (Do not round intermediate calculations and round your answer to 2 decimal places). Share Price First 2019-2020