Question
Suppose that you own 3,100 shares of Nocash Corp. and the company is about to pay a 25% stock dividend. The stock currently sells at
Suppose that you own 3,100 shares of Nocash Corp. and the company is about to pay a 25% stock dividend. The stock currently sells at $125 per share.
a. What will be the number of shares that you hold after the stock divdiend 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 calcualtions.)
total value___________
c. what will be the number of shares that you hold if the firm spilts five for four instead of paying the stock dividend?
number of shares hold_____________
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