Question: On April 4th Forex Corporation announced that it would pay
On April 4th, Forex Corporation announced that it would pay a dividend of $0.75 per share to all shareholders that were on record as of April 11th, with checks being mailed on April 21st. Determine what the stock price of Forex Corporation will be after the cash dividend announcement in a world of no taxes. Assume that the current price is $37.50 per share and that the price does not change between April 4 and April 21. On what day does the price change? What is the cost to a buyer after the announcement? What is the sales revenue to a seller after the announcement? Assume that stock settlements take 2 days.
Answer to relevant QuestionsJoan currently owns 800 shares of RST Inc. RST has a high-dividend-payout policy and this year will pay $3.00 cash dividend on its shares selling currently at $30.00 per share. Joan wants a low-dividend-payout policy of 5% ...What are intellectual property rights? How have changes in technology impacted the ability to protect intellectual property rights?You are taking a trip to six European countries. It is a ten-day trip, and you are taking $3,500. The current direct conversion rate is 1.2150 for euros. While in Europe, you spend € 2638.30. You convert your remaining ...Determine the nominal rates for the three countries listed if they have the following inflation rates and the real rate the world over is 1.25%.Canada: inflation is 4.5%.Switzerland: inflation is 1.25%.United States: ...On the day you arrive in New Zealand, the exchange rate for U.S. dollars and New Zealand dollars is $1:2.25 NZ$. While you remain in New Zealand for the next few months, the exchange rate falls to $1:$1.75439 NZ$. When you ...
Post your question