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

Question

1 Approved Answer

Blue Mountain Inc. has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $32 per share.

Blue Mountain Inc. has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $32 per share. The firm just announced a 100 percent stock dividend. What is the market value per share after the dividend? $16.00 $23.00 $32.00 $46.00

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

Step: 3

blur-text-image

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

Financial Citizenship Experts Publics And The Politics Of Central Banking

Financial Citizenship Experts Publics And The Politics Of Central Banking

Authors: Annelise Riles

1st Edition

1501732722, 978-1501732720

More Books

Students also viewed these Finance questions

Question

★★★★★
BIG Industries wishes to prepare a pro forma balance sheet for December 31, 2013. The firm expects 2013 sales to total US$3,000,000. The following information has been gathered. 1. A minimum cash...

Answered: 1 week ago

Question

★★★★★
1. Ask a friend to recall a time when he or she misunderstood someone else. Have your friend describe the situation and determine if problems with listening had anything to do with the...

Answered: 1 week ago

Question

★★★★★
Tuen and Associates wants to buy an automated coffee roaster/grinder/brewer. This piece of equipment would have a useful life of six years, would cost $190,000, and would increase annual net cash...

Answered: 1 week ago

Question

★★★★★
Blue Mountain Inc. has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $32 per share. The firm just announced a 100 percent stock dividend. What is the...

Answered: 1 week ago

Question

★★★★★
Wall Street performs a sort of "financial alchemy" enabling the individual to benefit from institutions lending money to them, according to Adam Davidson, cofounder of NPR's "Planet Money."...

Answered: 1 week ago

Question

★★★★★
Excel Online Structured Activity: Statement of cash flows You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's...

Answered: 1 week ago

Question

★★★★★
On January 1 , 2 0 2 0 , Innovus, Inc., acquired 1 0 0 percent of the common stock of ChipTech Company for $ 6 7 0 , 0 0 0 in cash and other fairvalue consideration. ChipTech's fair value was...

Answered: 1 week ago

Question

★★★★★
Great West States (GWS) is a railroad company operating in the Western United States. Juanita Salazar is the risk manager of GWS. At the direction of the company's chief executive officer, she is...

Answered: 1 week ago

Question

★★★★★
The granite sample has a mass of 24.31 g and a volume of 9.35 cm3. What is the density of the granite? d = [ ? ] g/cm density (g/mL)

Answered: 1 week ago

Question

★★★★★
a) In a constant-temperature atmosphere around Earth, the pressure of nitrogen gas at the altitude of Everest is 0.37 times its value at sea level. What is the corresponding ratio for argon gas? ( An...

Answered: 1 week ago

Previous Question Next Question