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A company whose shares are currently trading at $3.60 proposes to have a 25% split; that is, four new shares for one existing share. At
- A company whose shares are currently trading at $3.60 proposes to have a 25% split; that is, four new shares for one existing share. At the commencement of the next business day, a dividend of 25 cents is paid on existing shares, followed immediately by the share split. What is the theoretical price of the new shares? A. $0.72 B. $0.90 C. $2.70 D. $3.35
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
