Question
SHOW YOUR WORK PLEASE JEM Corp. currently has 450,000 shares of stock outstanding that sell for $42 per share. Assuming no market imperfections or tax
SHOW YOUR WORK PLEASE
JEM Corp. currently has 450,000 shares of stock outstanding that sell for $42 per share. Assuming no market imperfections or tax effects exist, what will the share price and the total number of shares after each of the following? (Please consider each one independently).
JEM has a five-for-four stock split?
JEM has a 12 percent stock dividend?
JEM has a $2.75 cash dividend?
JEM has a four-for-five reverse stock split?
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
