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Assume that you own 130 shares of common stock of a company, that you have been receiving cash dividends of $3 per share per year,
Assume that you own 130 shares of common stock of a company, that you have been receiving cash dividends of $3 per share per year, and that the company has a 3-for-2 stock split.
- How many shares of common stock will you own after the stock split?
- What new cash dividend per share amount will result in the same total dividend income as you received before the stock split?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
- What stock dividend percentage could have accomplished the same end result as the 3-for-2 stock split?
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