Question
NEW Corp. currently has 450,000 shares of stock outstanding that sell for $42 per share. Assuming no market imperfections or tax effects exist, what will
NEW Corp. currently has 450,000 shares of stock outstanding that sell for $42 per share. Assuming no market imperfections or tax effects exist, what will be the share price and the total number of shares after each of the following? (Please consider each one independently).
a.NEW has a five-for-four stock split?
b.NEW has a 12 percent stock dividend?
c.NEW has a $2.75 cash dividend?
d.NEW has a four-for-five reverse stock split?
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
