Question
A company announces a four-for-three stock split of common shares. The closing price on the last cum-dividend day $18.75 and the number of outstanding shares
A company announces a four-for-three stock split of common shares. The closing price on the last cum-dividend day $18.75 and the number of outstanding shares was 12.57 million. How many outstanding shares will there be after the split; what will be the opening price on the ex-dividend day?
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International Hospitality Management Concepts And Cases
Authors: Alan Clarke, Wei Chen
1st Edition
0750666757, 9780750666756
