Question
Rentarama is considering a 5:1 stock split. The stock current trades as $150 a share. Using the pre-split number of shares outstanding, the CFO has
Rentarama is considering a 5:1 stock split. The stock current trades as $150 a share. Using the pre-split number of shares outstanding, the CFO has estimated the total dividend for the next year will be $6.00 per share. Assuming the stock split is implemented immediately, shareholders should expect the quarterly dividend to be closest to:
| $0.30. | ||
| $1.20. | ||
| $1.50. |
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
