With a current price of $25 and 150,000 shares outstanding Peter Inc. has announced a a...

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With a current price of $25 and 150,000 shares outstanding Peter Inc. has announced a a 3 for 1 stock split. What is the new stock price and shares outstanding after the split? 2) Paul Inc. announced a $1.50 per share dividend with an ex-date of May 15. If the closing price of Paul's stock was $35 dollars on May14. What would we expect the price to be on the close of the 15th, assuming zero movement in the market? With a current price of $25 and 150,000 shares outstanding Peter Inc. has announced a a 3 for 1 stock split. What is the new stock price and shares outstanding after the split? 2) Paul Inc. announced a $1.50 per share dividend with an ex-date of May 15. If the closing price of Paul's stock was $35 dollars on May14. What would we expect the price to be on the close of the 15th, assuming zero movement in the market?

Answer rating: 100% (QA)

In a 3for1 stock split each existing share is split into three new shares Therefore the number of sh... View the full answer