Suppose that you own 2,400 shares of Nocash Corporation and the company is about to pay...
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Suppose that you own 2,400 shares of Nocash Corporation and the company is about to pay a 25% stock dividend. The stock currently sells at $115 per share. a. What will be the number of shares that you hold after the stock dividend is paid? b. What will be the total value of your equity position after the stock dividend is paid? c. What will be the number of shares that you hold if the firm splits five-for-four instead of paying the stock dividend? Note: For all requirements, do not round intermediate calculations. a. Number of shares b. Total value c. Number of shares held Suppose that you own 2,400 shares of Nocash Corporation and the company is about to pay a 25% stock dividend. The stock currently sells at $115 per share. a. What will be the number of shares that you hold after the stock dividend is paid? b. What will be the total value of your equity position after the stock dividend is paid? c. What will be the number of shares that you hold if the firm splits five-for-four instead of paying the stock dividend? Note: For all requirements, do not round intermediate calculations. a. Number of shares b. Total value c. Number of shares held
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
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