Dryden, Corp. has 500,000 shares of common stock outstanding, a P/Eratio of 11, and $900,000 earnings available
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Dryden, Corp. has 500,000 shares of common stock outstanding, a P/Eratio of 11, and $900,000 earnings available for commonstockholders. The board of directors has just voted a 5:2 stock split.
22. If you had 100 sharesof stock before the split, how many shares will you have after the split?
23. Whatwas the total value of your investment in Dryden stock before the split?
24. Whatshould be the total value of your investment in Dryden stock after the split?
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