Question
Please answer all questions and I will be sure to leave a thumbs up. Thanks 1. ABC's stock closed at $83.66 a share today. The
Please answer all questions and I will be sure to leave a thumbs up. Thanks
1. ABC's stock closed at $83.66 a share today. The next day, the stock goes ex-dividend. The dividend that is being paid is $9.21 a share. Assume that the tax rate on dividends is 15%. All else remaining constant, what should the opening stock price be next morning?
Enter your answer rounded off to two decimal points.
2. ABC Corporation has 2887 shares of stock outstanding. The total market value of the equity is $189722. What will be the new price per share if the firm does a 1-for-6 reverse stock split?
Enter your answer rounded off to two decimal points
3. The firm currently has 7924 shares of stock outstanding. The EPS is $1.5 and the P/E Ratio is 23. The firm has decided to repurchase $30769 worth of its outstanding stock. What will the firm's P/E ratio be after this repurchase, all else held constant?
Enter your answer rounded off to two decimal points.
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