Question
a. The price of Chaney's shares after a stock dividend of 19.6% will be $___ (round to nearest cent) b. The price of Chaney's shares
a. The price of Chaney's shares after a stock dividend of 19.6% will be $___ (round to nearest cent)
b. The price of Chaney's shares after a three-for-one stock split will be $___ (round to nearest cent)
c. The price of Chaney's shares after a stock dividend of 33.6% will be $_____ (round to nearest cent)
d. The total number of shares outstanding after the stock dividend of 19.6% is ____ shares (nearest integer)
The total number of shares outstanding after the three-for-one stock split is _____ shares (nearest integer)
The total number of share outstanding after the stock dividend of 33.6% is _____ shares (nearest integer)
(Stock splits and stock dividends) Chaney's Fatbumer Gyms, Inc. operates a chain of exercise facilities throughout the Midwest. The firm appeals to middle-aged men who suffer from obesity problems and want to improve their health by entering an exercise program. The firm currently has 8,400,000 shares of stock outstanding that have a current market price of $11.71. If all else remains constant, what will be the price of Chaney's shares after each of the following? a. A stock dividend of 19.6 percent b. A four-for-one stock split A stock dividend of 33.6 percent. What would be the total number of shares outstanding after a through c? c. dStep by Step Solution
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