Question

Company x has 950,000 shares of stock outstanding. A share of stock currently trades for $112.26....

Company x has 950,000 shares of stock outstanding. A share of stock currently trades for $112.26. Suppose that company x decides to approve an 18% stock dividend. How many shares would company X have after the stock dividend and what would the share price be?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose that a company currently trades for $35.25 per share and has 4,000,000 shares outstanding. The...
Suppose that a company currently trades for $35.25 per share and has 4,000,000 shares outstanding. The firm has 6 directors up for election this year. If the firm uses straight voting, how many shares will you need to purchase if you already own 500,000 shares. (Enter a whole number)
Suppose an all-equity financed company has 400,000 shares of stock currently outstanding. Each share currently has...
Suppose an all-equity financed company has 400,000 shares of stock currently outstanding. Each share currently has a true value of $40. Suppose the company uses internal cash to repurchase100,000 shares of stock at the following prices: $50, $40, and $30.What will be the effect of each of these alternative repurchase prices on the final(i.e., after the market realizes the true value of shares) market price of the shares? (Ignore issues such as taxation and transactions costs).
Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share....
Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: BTC has a three for one stock split? BTC has a 18 percent stock dividend? BTC has a 51.6 percent stock dividend? BTC has a three-for-six reverse stock split? Determine the new number of shares outstanding in parts (1) through (4).
Excellent Corporation has 10,000 shares outstanding and a share currently sells for $40 per share. Excellent...
Excellent Corporation has 10,000 shares outstanding and a share currently sells for $40 per share. Excellent is short of cash, so they have decided to issue a 12% stock dividend. Angela owns 300 shares of Excellent. What is the value of Angela’s investment in Excellent BEFORE the dividend?_________ How many shares will Angela own AFTER the dividend? _____________ What will each share be worth AFTER the dividend? ____________ What will be the total value of Angela’s investment AFTER the dividend?...
A company at present has 250,000 shares of stock outstanding that sell for $15 per share....
A company at present has 250,000 shares of stock outstanding that sell for $15 per share. Assuming no market imperfection or tax effects exist. if the company has 10% stock dividend announcement? a) Determine the new number of shares outstanding after the dividend announcement? b) what is the new stock price per share after the stock dividend announcement?
ABC Company currently has 310,000 shares of stock outstanding that sell for $94 per share. Assume...
ABC Company currently has 310,000 shares of stock outstanding that sell for $94 per share. Assume no market imperfections or tax effects exist. Determine the share price AND new number of shares outstanding in each of the following independent situations: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.) a. ABC has a five-for-three stock split. b. ABC has a 11...
A firm currently has 8 million shares of stock outstanding that have a current market price...
A firm currently has 8 million shares of stock outstanding that have a current market price of $12. If all else remains constant, what will be the share price after each of the following: A 20% stock dividend. A four-for-one stock split A 32.5% stock dividend Indicate the detailed steps on how to use a FINANCIAL CALCULATOR to solve the problems.
Lenix is planning on merging with Kelly Company. Lenix currently has 80,000 shares of stock outstanding...
Lenix is planning on merging with Kelly Company. Lenix currently has 80,000 shares of stock outstanding at a market price of $31.50 a share. Kelly Company has 52,000 shares outstanding at a price of $26.00 a share. The merger will create $440,000 of synergy. How many of its shares should Lenix offer in exchange for all of Kelly Company share if it wants its acquisition cost to be $1,450,000? 40,117 40,316 40,425 40,531 40,682
Acme Inc. currently has 500,000 common shares outstanding that are currently trading at $35 per share....
Acme Inc. currently has 500,000 common shares outstanding that are currently trading at $35 per share. When the shares were originally issued one year ago, their price was $20. The Beta of the company is 1.1 and the market risk premium is 4.5%. The company also has 250,000 shares of preferred stock outstanding for which it pays an annual dividend of $2.50 per share. These preferred shares currently trade at $60 per share. Acme has also just issued 1,500 bonds...
bellhaven corp currently has 16,000 shares outstanding that sell for $48 per share. the company plans...
bellhaven corp currently has 16,000 shares outstanding that sell for $48 per share. the company plans to issue a stock dividend of 12.5 percent. the stock has a par value of $2. what is the total capital surplus on the new shares?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT