Question
A firm has 1 million shares outstanding and produced income of $1.8 million this year.The market price of the stock is $54.00.If the firm pays
A firm has 1 million shares outstanding and produced income of $1.8 million this year.The market price of the stock is $54.00.If the firm pays a 10% stock dividend at the same time as the earnings announcement, what will the earnings per share be after this dividend is paid?
$1.80
$1.64
$5.40
$1.98
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
10th Edition
0135160618, 978-0135160619
