FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Shares in Growth Corporation are selling for $70 per share. There are currently 4 million shares outstanding. The stock has a 5 - for -

image text in transcribed

Shares in Growth Corporation are selling for $70 per share. There are currently 4 million shares outstanding. The stock has a 5 - for - 4 stock split. How many shares will be outstanding after the split? Please state your answer in millions and rounded to 2 decimal places. Outstanding shares = million What will be the price per share after the split? Enter your answer rounded to two decimal places. Price per share = DS

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Small Brewery Finance

Small Brewery Finance

Authors: Maria Pearman

1st Edition

1938469526, 978-1938469527

More Books

Students also viewed these Finance questions

Question

★★★★★
aThe following reaction takes place under second-order conditions (strong nucleophile), yet the structure of the product shows rearrangement. Also, the rate of this reaction is several thousand times...

Answered: 1 week ago

Question

★★★★★
Puffin Corp. acquired 100% of Seagull Inc. for $900 in cash on April 18, 2023. Puffin Corp.'s accounts receivable include $12 from Seagull. All of Seagull's assets and liabilities were fairly stated...

Answered: 1 week ago

Question

★★★★★
The per capita consumption of chicken has risen from 28 pounds in 1960 to 90.6 pounds in 2007$ according to the U.S. Department of Agriculture. That constitutes an average increase of approximately...

Answered: 1 week ago

Question

★★★★★
Wentworth Co. sold $3,000,000, 7%, 8-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. The company uses straight-line amortization on bond premiums...

Answered: 1 week ago

Question

★★★★★
Shares in Growth Corporation are selling for $70 per share. There are currently 4 million shares outstanding. The stock has a 5 - for - 4 stock split. How many shares will be outstanding after the...

Answered: 1 week ago

Question

★★★★★
Find the (simplest) form (to guess) for a particular solution to: y" +49y=-2

Answered: 1 week ago

Question

★★★★★
Write a simplified printf subroutine that takes a variable amount of arguments. The first ar- gument for your subroutine is the format string. The rest of the arguments are printed instead of the...

Answered: 1 week ago

Question

★★★★★
1.Provide at least five years of Free Cash Flow Projections for the Company to be used to determine and calculate the intrinsic value of the Company. 2.Calculate the Valuation of the Company using...

Answered: 1 week ago

Question

★★★★★
A man wants to ensure an inflation-adjusted income for 25 years of $100 per monthfor the first year, increasing 5% each year for the next 24 years, but starting in 15 years' time . All the payments...

Answered: 1 week ago

Question

★★★★★
Your company needs to use an equipment for a project. If you decide to purchase it, you need to pay $60,000 today and the maintenance cost is $10,000 every year for three years (the first payment is...

Answered: 1 week ago

Question

★★★★★
i need a three substantive paragraphs. Is your organization unaffected by the global pandemic, or has your organization had to fundamentally re-examine its mission, vision and strategic goals? At the...

Answered: 1 week ago

Question

★★★★★
1. Describe the factors that lead to productive conflict

Answered: 1 week ago

Question

★★★★★
5. Practice listening styles that are less familiar to you. Some people dont paraphrase well; others are uncomfortable being person-centered. The best way to try this out is to look back at the...

Answered: 1 week ago

Question

★★★★★
4. As you become a more critical listener, inquire about inconsistencies when you observe them in conversation. For example, if your friend offers you verbal and nonverbal messages that contradict...

Answered: 1 week ago

Previous Question Next Question