Question
Today you own 500 shares of a business. The closing price today is 15 . Tomorrow, there is a (free of charge) free distribution of
Today you own 500 shares of a business. The closing price today is 15 . Tomorrow, there is a (free of charge) free distribution of shares by capitalization of profits (amounting to 15%). Ignore taxes. a) How many additional shares will you get from the free distribution? b) What will be the value of your investment in the company after the distribution of the donated shares?
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Personal Finance QuickStart Guide
Authors: Morgen Rochard
1st Edition
1945051019, 978-1945051012
