Suppose that you own 2,600 shares of Nocash Corp. and the company is about to pay a
Fantastic news! We've Found the answer you've been seeking!
Question:
| Suppose that you own 2,600 shares of Nocash Corp. and the company is about to pay a 25% stock dividend. The stock currently sells at $120 per share. |
| a. | What will be the number of shares that you hold after the stock dividend is paid?(Do not round intermediate calculations.) |
| Number of shares |
| b. | What will be the total value of your equity position after the stock dividend is paid?(Do not round intermediate calculations.) |
| Total value | $ |
| c. | What will be the number of shares that you hold if the firm splits five for four instead of paying the stock dividend? |
| Number of shares hold |
|
Expert Answer:
Posted Date:
