Question
You own 2,000 shares of a firms common stock. The firm has a total of 350,000 shares outstanding, with each share being priced at $5
You own 2,000 shares of a firms common stock. The firm has a total of 350,000 shares outstanding, with each share being priced at $5 per share. The firm has just declared an eight-for-five stock split. How many shares will you end up with, and what will be the price per share after the stock split?
PQR Inc. has a debt-equity ratio of 1.6 and 1 million shares outstanding. The firms pro-forma Statement of Comprehensive income for the next year indicates that its net income will be $560,000. If the company proposes to invest 60% of its earnings in projects, what is the dividend per share?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started