Question: a. If Briant Incorporated declared a 2% stock dividend, how many shares of common stock would you receive as a dividend? b. Calculate the
a. If Briant Incorporated declared a 2% stock dividend, how many shares of common stock would you receive as a dividend? b. Calculate the cash dividend per share amount to be paid after the stock dividend that would result in the same total cash dividend (as was received before the stock dividend). Note: Round your answer to 2 decimal places. c. If the cash dividend remained at $0.6 per share after the stock dividend, what per share cash dividend amount without a stock dividend would have accomplished the same total cash dividend? Note: Round your answer to 3 decimal places. a. Dividend shares b. Total cash dividend per share c. Total cash dividend per share Show less
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
