1. B&K Lumber has 50,600 shares of stock outstanding at a price per share of $68. How many shares will be outstanding if the firm does a 5-for-2 stock split?
2. Oak Tree Farms has common stock outstanding at a price of $13 a share. The total market value of the equity is $435,000. How many shares of stock will be outstanding if the firm does a reverse stock split of 2-for-5?
Hint: (1) What is the number of shares O/S? (Total Market Value/Price per share) (2) Multiply this by the ratio of the reverse stock split. (3) That will be your answer. A 2-for-5 reverse stock split means, for every 5 shares, you will get 2 shares
3. Breakers Engineering is preparing to pay its quarterly dividend of $1.36 a share. The stock closed at $51.25 a share today and goes ex-dividend tomorrow. What will the ex-dividend stock price be if the relevant tax rate is 21 percent and all else is held constant?
4 Sarandon Construction just announced it will be paying an annual dividend of $1.48 per share plus an extra dividend of $.56 a share this year. The company also announced that its regular dividend, which is all it anticipates paying after this year, will increase by 2.5 percent annually. What is the anticipated dividend per share next year?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more