FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a. Suppose that Wal-Mart (WMT) has a market capitalization of $100.23 billion and shares outstanding of 444.25 million. What is the current stock price for

a. Suppose that Wal-Mart (WMT) has a market capitalization of $100.23 billion and shares outstanding of 444.25 million. What is the current stock price for WMT?

[Round the final answer to the nearest cent]

b. Amazon.com Inc. (AMZN) currently has 448 million shares outstanding selling for $3,434.22 per share. Assuming no market imperfections or tax effects exist, what will the share price be after a 9 percent stock dividend?

[Round the final answer to the nearest cent]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fiduciary Finance Investment Funds And The Crisis In Financial Markets

Fiduciary Finance Investment Funds And The Crisis In Financial Markets

Authors: Martin Gold

1st Edition

1848448953, 9781848448957

More Books

Students also viewed these Finance questions

Question

★★★★★
On March 1, 2012, Enrique Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash. An old warehouse on the property was demolished at a cost...

Answered: 1 week ago

Question

★★★★★
What conclusion can you draw about the effect of the probabilities on EVPI from Exercises 22.19 and 22.20?

Answered: 1 week ago

Question

★★★★★
4.7 A fuel line made of type M copper tube is 20 ft long. Diesel fuel (modeled as dodecane) at 80F is being transported through the line and the line is horizontal. The required flow rate of the fuel...

Answered: 1 week ago

Question

★★★★★
One aspect of the new system under development at Holiday Travel Vehicles will be the direct entry of the sales invoice into the computer system by the salesperson as the purchase transaction is...

Answered: 1 week ago

Question

★★★★★
Save Homework: Chapter 11 Score: 0 of 1 pt 16 of 20 (16 complete) S11-5 (similar to) N Score: 78.54%, 15.71 of ... Question Help On January 1, Irving Company purchased equipment of $300,000 with a...

Answered: 1 week ago

Question

★★★★★
Carlin Corporation does not calculate a price-earnings ratio. Which of the following is most likely true about Carlin Corporation? O It is a public company that has not issued any shares. It is a...

Answered: 1 week ago

Question

★★★★★
Follow the model of international banking with production economy, and keep all settings unchanged. Now assume that the shadow interest rate in autarky, \(r^{A}\), is lower than the world interest...

Answered: 1 week ago

Question

★★★★★
Allow two-party competition in the elections over infinite time horizon, \(t=0,1, \ldots,+\infty\). Assume that there is an election every other period and two parties, \(i=L, R\) ("left" and...

Answered: 1 week ago

Question

★★★★★
Use a demand and supply graph to show that Ted Koppels proposed explanation of a decrease in drug prices is incorrect. (Related to Application 6) Application 6 WHY LOWER DRUG PRICES? APPLYING THE...

Answered: 1 week ago

Question

★★★★★
Use the data in the first table of Global Insights 6.1 to calculate U.S. tariff revenues on costume jewelry, glass and glassware, and rubber footwear. Global Insights 6.1 The Welfare Costs of...

Answered: 1 week ago

Question

★★★★★
Consider the following bi-criteria problem: Prove whether or not the following solutions are efficient: a. X(1) = (0,0,2,18,0) b. X(2) = (0,0,8,0,12) c. X(3) = (0,4,0,20,0) Maximize Minimize Subject...

Answered: 1 week ago

Question

★★★★★
Define self-esteem and discuss its impact on your life.

Answered: 1 week ago

Question

★★★★★
Discuss how selfesteem is developed.

Answered: 1 week ago

Question

★★★★★
Identify the characteristics of people with low and high selfesteem.

Answered: 1 week ago

Previous Question Next Question