Question
Hi! i was confused about (c) it said the company would increase the dividend to $5.5/per share by issung shares to raise money. i do
Hi! i was confused about (c) it said the company would increase the dividend to $5.5/per share by issung shares to raise money. i do not understand why the number of shares repurchsed = repurchase amount/ex-dividend price. why denominator is ex-dividend price? i think the company should issued shares to raise before the ex-dividend date.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
