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Happy Monkey Manufacturing currently has 20,000 shares of common stock outstanding. Its management believes that its current stock price of $110 per share is too
Happy Monkey Manufacturing currently has 20,000 shares of common stock outstanding. Its management believes that its current stock price of $110 per share is too high. The company is planning to conduct stock splits in the ratio of 2 for 1 as described in the animation. ortificate of Stora 12 If Happy Monkey Manufacturing declares a 2-for-1 stock split, the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split, will be Scorecard Athletics Corp. is one of Happy Monkey's leading competitors. Scorecard's market intelligence research team shares Happy Monkey's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Scorecard decide to offer stock dividends to its shareholders. Scorecard currently has 1,900,000 shares of common stock outstanding. If the firm pays a 3% stock dividend, what will be the total number of shares outstanding after the stock dividend? O 2,250,550 shares 2,152,700 shares 2,446,250 shares 1,957,000 shares
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