Question
. Verbal Communications, Inc., has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $46 per
. Verbal Communications, Inc., has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $46 per share. The firm just announced a 100 percent stock dividend. What is the market value per share after the dividend?
2. Della's Pool Halls has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $39 a share. The firm just announced a 4-for-3 stock split. How many shares of stock will be outstanding after the split?
3. Alfonzo's Italian House has 25,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 a share. The firm just announced a 5-for-3 stock split. What will the market price per share be after the split?
4. Plyler Cabinets declared a dividend of $1.20 a share on May 15 to holders of record on Monday, June 1. The dividend is payable on June 15. Sara purchased 500 shares of Plyler Cabinets stock on Friday, May 29. How much dividend income will she receive on June 15 from Plyler Cabinets?
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