The following data apply to Grullon-Ikenberry Inc. (GII): Value of operations...............................$1,000 Short-term investments............................$ 100 Debt..................................................$ 300 Number
Question:
Value of operations...............................$1,000
Short-term investments............................$ 100
Debt..................................................$ 300
Number of shares.....................................100
The company plans on distributing $50 million as dividend payments. What will the intrinsic per share stock price be immediately after the distribution?
Answer
$6.32
$6.65
$7.00
$7.35
$7.72
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Prior to After Distribution Distribution Value of operat...View the full answer
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Related Book For 
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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