Question
Winkie Baking has just announced a 120 percent stock dividend. The annual cash dividend per share was $2.65 before the stock dividend. Winkie intends to
Winkie Baking has just announced a 120 percent stock dividend. The annual cash dividend per share was $2.65 before the stock dividend. Winkie intends to pay $1.70 per share on each of the new shares. Compute the percentage increase in the cash dividend rate that will accompany the stock dividend. Round your answer to two decimal places.
%
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Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
