Question
a)Companys board of directors declare regular dividends on January 15, 2021 to the holders of record on February 16, 2021 with payment date of April
a)Companys board of directors declare regular dividends on January 15, 2021 to the holders of record on February 16, 2021 with payment date of April 1, 2021. What will be the ex-dividend date? (Look at the calendar)
b)XYZ Corp recently declared a 8-for-2 stock split. Prior to the split the stock sold for $75/share. The firms total market value is unchanged by the split. What is the stock price after the split?
c)Zig-zags common stock currently sells for $24, and its 6% convertible debentures (issued at par, or $1,000) sell for $450. Each debenture can be converted into 20 shares of common stock at any time before 2028. What is the conversion value of the bond?
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