Question
For your answers to the following questions be sure to show your calculations: Corporation offers shares at the following par values: Common @ $18/par Preferred
For your answers to the following questions be sure to show your calculations: Corporation offers shares at the following par values: Common @ $18/par Preferred @ $33/par 1). Sylvester spends a total of $690 for Common and Preferred shares. He has purchased $360 worth of Common. (A) How many shares has he purchased of Common shares? (B) How many shares of Preferred? 2). After his initial purchases Sylvester purchases 1/4 more of Common and 1/5 more of Preferred. (A) How much more did he spend on the purchases? (B)What is the new total of shares owned? 3). Corporation offers a stock split on Common of 6:1. (A)What is the par value of Sylvesters Common stock after the split? (B) What is the total value of shares owned by Sylvester? 4.) Sylvester decides to sell of his Common shares and 1/3 of his preferred shares at their perspective share values. (A) How much does he earn total on the sale? 5.) Following the sale of his shares Corporation offers a stock dividend on Common @5/share and on Preferred @$7/share. (A) How much is Sylvesters total dividend?
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