Question
Lunick Colle (LC) currently has 1,000,000 shares of stock outstanding that sell for $120 per share. Assuming no market imperfections or tax effects exist, what
Lunick Colle (LC) currently has 1,000,000 shares of stock outstanding that sell for $120 per share. Assuming no market imperfections or tax effects exist, what will be the total number of shares and the share price after each of the following? (Please consider each one independently).
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a) LC has a seven-for-two stock split?
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b) LC has an 8 percent stock dividend?
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c) LC has a $1.60 cash dividend?
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d) LC has a three-for-four reverse stock split?
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Globalization Gating And Risk Finance
Authors: Unurjargal Nyambuu, Charles S. Tapiero
1st Edition
1119252652, 978-1119252658
