Question: please answer both questions Happy Monkey Manufacturing currently has 10,000 shares of common stock outstanding. Its management believes that its current stock price of $110
please answer both questions Happy Monkey Manufacturing currently has 10,000 shares of common stock outstanding. Its management believes that its current stock price of $110 per share is too high. The company is planning to conduct stock splits in the ratio of 2 for 1 as described in the animation Certificate or Stock $12 17 Happy Monkey Manufacturing dedares a 2-for-1 stock split, the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split, will be per share. Scorecard Athletics Corp, is one of Happy Monkey's leading competitors. Scorecard Athletics Corp's market intelligence research team shares Happy Monkey's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Scorecard decide to offer stock dividends to its shareholders. A stock dividend is another way of keeping the stock price from going too high, Scorecard currently has 1,300,000 shares of common stock outstanding. If the firm pays a 6% stock dividend, how many shares will the firm issue to its existing shareholders? 54,600 shares 62,400 shares 81,900 shares O 78,000 shares
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