Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer these 2 questions for a like a good rating! 2. Merk has 670 million shares oustanding that currently trade at $420. If Merk
Please answer these 2 questions for a like a good rating!
2. Merk has 670 million shares oustanding that currently trade at $420.
If Merk pays a 20% stock dividend, what will be the new share price?
3. A company's stock price is $71. The company now does a 8-for-6 stock split.
What will be the new stock price?
Step 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