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Question 2: A firm currently has 8 million shares of stock outstanding that have a current...
a. The price of Chaney's shares after a stock dividend of 19.6% will be $___ (round to nearest cent) b. The price of Chaney's shares after a three-for-one stock split will be $___ (round to...
a. The price of Chaney's shares after a stock dividend of 19.6%
will be $___ (round to nearest cent)
b. The price of Chaney's shares after a three-for-one stock
split will be $___ (round to nearest cent)
c. The price of Chaney's shares after a stock dividend of 33.6%
will be $_____ (round to nearest cent)
d. The total number of shares outstanding after the stock
dividend of 19.6% is ____ shares (nearest integer)
The total number of shares outstanding...
A firm currently has 200,000 shares of stock outstanding at a market price per share of...
A firm currently has 200,000 shares of stock outstanding at a market price per share of $120. Today, the firm announced a 2-for-1 stock split. What will the price per share be after the split? $240.00 $120.00 $40.00 $60.00
Roll Corporation (RC) currently has 505,000 shares of stock outstanding that sell for $80 per share....
Roll Corporation (RC) currently has 505,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. RC has a four-for-three stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price $ b. RC has a 20 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)...
Stomp Transistors Inc. is currently an all-equity firm with 20 million shares outstanding and a stock...
Stomp Transistors Inc. is currently an all-equity firm with 20 million shares outstanding and a stock price of $7.50 per share. Stomp plans to announce that it will borrow $50 million in perpetual debt and use the funds to repurchase shares; Stomp’s announcement is not anticipated by investors and thus not reflected in the current stock price of $7.50 per share. Stomp will pay interest only on this debt, and it has no further plans to increase or decrease the...
Mill Creek Corporation (MCC) currently has 475,000 shares of stock outstanding that sell for $80 per...
Mill Creek Corporation (MCC) currently has 475,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. MCC has a four-for-three stock split? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) New share price ? b. MCC has a 20% stock dividend? (Do not round intermediate calculations. Round the final answer to 2...
Kurz Co is an all equity firm with 20 million shares outstanding and has a stock...
Kurz Co is an all equity firm with 20 million shares outstanding and has a stock price of $8 per share. Although investors currently expect Kurz to remain an all equity firm, Kurz plans to announce that it will borrow 50 million and use the funds to repurchases shares. Kurz will pay interest only and never plans to increase or decrease the debt amount. Kurz pays a 40% tax rate. A) What is the market value of Kurz’s existing assets...
Outstanding Shares Willis & Company has 20 million shares of $1 par value common stock outstanding....
Outstanding Shares Willis & Company has 20 million shares of $1 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares will be outstanding following the stock split? million What will be the new par value per share? $
Kurz Manufacturing is currently an all-equity firm with 2727 million shares outstanding and a stock price...
Kurz Manufacturing is currently an all-equity firm with 2727 million shares outstanding and a stock price of $ 8.00 per share. Although investors currently expect Kurz to remain an all-equity firm, Kurz plans to announce that it will borrow $ 59 million and use the funds to repurchase shares. Kurz will pay interest only on this debt, and it has no further plans to increase or decrease the amount of debt. Kurz is subject to a 21%corporate tax rate. a....
Kurz Manufacturing is currently an all-equity firm with 31 million shares outstanding and a stock price...
Kurz Manufacturing is currently an all-equity firm with 31 million shares outstanding and a stock price of $ 10.50 per share. Although investors currently expect Kurz to remain an all-equity firm, Kurz plans to announce that it will borrow $ 42 million and use the funds to repurchase shares. Kurz will pay interest only on this debt, and it has no further plans to increase or decrease the amount of debt. Kurz is subject to a 38 % corporate tax...
A company with 2 million shares of common stock currently outstanding is planning to sell 500,000...
A company with 2 million shares of common stock currently outstanding is planning to sell 500,000 new shares to its existing shareholders through a rights issue. The current market price of a share is $65, and the subscription price is $55. If the stock is selling rights-on, calculate the number of rights needed to purchase one of the new shares of common stock and the value of each right. a. Calculate the number of rights needed to buy one share...
a. The price of Chaney's shares after a stock dividend of 19.6%
will be $___ (round to nearest cent)
b. The price of Chaney's shares after a three-for-one stock
split will be $___ (round to nearest cent)
c. The price of Chaney's shares after a stock dividend of 33.6%
will be $_____ (round to nearest cent)
d. The total number of shares outstanding after the stock
dividend of 19.6% is ____ shares (nearest integer)
The total number of shares outstanding...
Outstanding Shares Willis & Company has 20 million shares of $1 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares will be outstanding following the stock split? million What will be the new par value per share? $
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