Question: Split-Gram, Inc. has announced a 13-to-1 stock split. If the company currently has 1 million shares outstanding, how many outstanding shares will it have after

Split-Gram, Inc. has announced a 13-to-1 stock split. If the company currently has 1 million shares outstanding, how many outstanding shares will it have after the split?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Split-Gram, Inc. has announced a 3-to-1 stock split. If the company currently has 1 million shares outstanding, how many outstanding shares will it have after the split? After the 2008 recession some...

Q:

"Individuals living off of their dividends streams do not like reductions in their quarterly payments." This sounds like an argument for what type of dividend policy'? Residual dividend policy Sticky...

Q:

1.Wahed Berhad is currently on schedule to sell 200,000 units of its most popular product. The firm's average selling price per unit is RM16.00. Variable cost per unit is RM11.00. Interest expense is...

Q:

1.Wahed Berhad is currently on schedule to sell 200,000 units of its most popular product. The firm's average selling price per unit is RM16.00. Variable cost per unit is RM11.00. Interest expense is...

Q:

Question 1 (20 marks) (a) Chancery Inc. wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The stock sells for $64 per share, but the book value per...

Q:

NEED HELP WITH THIS. PLEASE. Marker, Inc., wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The equity market value is $ 3 2 0 , 0 0 0 , 0 0 0 with...

Q:

Cheer, Inc., wishes to expand its facilities. The company currently has 8 million shares outstanding and no debt. The stock sells for $31 per share, but the book value per share is $39. Net income...

Q:

Cheer, Inc., wishes to expand its facilities. The company currently has 8 million shares outstanding and no debt. The stock sells for $31 per share, but the book value per share is $39. Net income...

Q:

Fagan Haberdasher Inc. currently has 1 million shares outstanding and an earnings per share (EPS) of $3. What will be the shares outstanding and EPS after a 4-for-3 split? 1. The shares outstanding...

Q:

QueenScope Inc. wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The stock sells for $29 per share, but the book value per share is $7. Net income...

Q:

Replace the distributed loading by an equivalent resultant force and specify its location, measured from pointA. 800 N/m 200 N/m -3 m- -2 m-

Q:

Tom Riddle spent most of the first sixty years in his native country. He has worked for his employer for 30 years at Head Office. Tom was a member of the pension fund for the entire duration of his...

Q:

Sergio has participated for eight years in a defined benefit plan and has nine years of service with his employer. His average compensation for the three highest years is $ 1 6 0 , 0 0 0 . Sergio's...

Q:

Factoring Trinomials a 1 Factor each completely 1 b 8b 7 3 m m 90 5 n 10n 9 7 m 2m 24 9 k 13k 40 11 n n 56 Name 2 n 11n 10 4 n 4n 12 Date 6 b 16b 64 8 x 4x 24 10 a 11a 18 12 n 5n 6