Answered step by step
Verified Expert Solution
Question
1 Approved Answer
PLEASE ANSWER THE BOTTOM 4 BLANK VALUES!! The company has declared a dividend of $2.58 per share. The stock goes ex-dividend tomorrow. lgnoring any tax
PLEASE ANSWER THE BOTTOM 4 BLANK VALUES!!
The company has declared a dividend of $2.58 per share. The stock goes ex-dividend tomorrow. lgnoring any tax effects, what is the stock selling for today? What will it sell for tomorrow? After the dividend, what will be the value of shares and of cash for an investor with 120 shares? Enter your answers rounded to 2 DECIMAL PLACES. What is the stock selling for today? Suppose that Chrome Corp. has announced it is going to repurchase stock instead of paying out dividends. What effect will the repurchase have on an investor who currently holds 120 shares and sells 18 of those shares back to the company in the repurchase at the market price per share of $17.2 (i.e., what are the values of the investor's shares and cash)? Enter your answers rounded to 2 DECIMAL PLACES. What will be the value of the investor's shares after the share repurchase? Correct response: 1,754.40.01 What will be the value of the investor's cash after the share repurchase? Correct response: 309,60.01 Click "Verify" to proceed to the next part of the question. Suppose the company changes its mind and decides to issue a 14% stock dividend instead of issuing a cash dividend or a repurchase. How would this action affect a shareholder who owns 120 shares of the stock? Enter your answers rounded to 2 DECIMAL PLACES. How many shares will the firm have after the stock dividend? What will be the price per share after the stock dividend? What will be the value of the investor's shares after the stock dividend? What will be the value of the investor's cash after the stock dividend? Click "Verify" to proceedStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started