Question
CBA Inc has 280,000 shares outstanding with a $8.0 par value. The shares were issued for $18.0. The stock is currently selling for $30.0. CBA
| CBA Inc has 280,000 shares outstanding with a $8.0 par value. The shares were issued for $18.0. The stock is currently selling for $30.0. CBA has $6,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 9.00%. What will be the capital in excess of par account after the stock dividend? |
$2,800,000
$3,558,400
$9,354,400
$3,354,400
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AI And The Future Of Financial Services Strategy For Implementation Of AI In Banking And Finance
Authors: Milo Fudacz
1st Edition
B09DMTVHW9, 979-8465714075
