You are holding 100 shares in a company with the current price of $ 971. What...
You are holding 100 shares in a company with the current price of $ 971. What will be the price of a share, if the company has a 2:3 (reverse) stock split?
Provide your answer rounded to two decimals.
Please show work!
Homework Answers
Before reverse stock split:
Stock Price = $971
After reverse stock split:
Company declared a reverse stock split of 2 shares for every 3 shares. Then, new stock price can be calculated by multiplying previous stock price by (3/2)
Stock Price = $971 * (3/2)
Stock Price = $1,456.50
So, price of a share will be $1,456.50 after reverse stock split.
Add Answer to:
You are holding 100 shares in a company with the current price
of $ 971. What...
Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock price of $4.00. The company...
Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock price of $4.00. The company is going to declare a one-for-six reverse stock split. What is the market value of the company prior to the reverse stock split? What will the stock price be after the reverse split? How many shares will be outstanding after the reverse split? What is the market value after the reverse split? Numbers greater than 1,000, round to the nearest whole number and no...
Global Crossing currently has 2,600,000 shares outstanding and a stock price of $20.00. The company is...
Global Crossing currently has 2,600,000 shares outstanding and a stock price of $20.00. The company is going to declare a two-for-seven reverse stock split. What will the stock price be after the split? Round to two decimals Answer:
Company ABC has 10,000 shares outstanding and the stock price is $100. The company is expected...
Company ABC has 10,000 shares outstanding and the stock price is $100. The company is expected to pay a dividend of $10 per share next year and thereafter the dividend is expected to grow indefinitely by 6% a year. The company now makes an announcement: It will repurchase shares next year instead of issuing cash dividends. But from year 2 on the payout policy stays the same with cash dividends. (Please check my work A - C, and solve for...
Microsoft has 890 million shares that currently trade at $399. You own 100 shares. Part (1)...
Microsoft has 890 million shares that currently trade at $399. You own 100 shares. Part (1) What is the total value of your shares? Part (2) If Apple does a 3-for-1 stock split, what will be the new share price? Part (3) What is the total value of your shares after the stock split? Part (4) If Apple pays a 20% stock dividend instead of the stock split, what will be the new share price? Part (5) What is the...
You have purchased 15 shares of company DIY for $52 with 65% initial margin. The interest...
You have purchased 15 shares of company DIY for $52 with 65% initial margin. The interest on the margin loan is 6%. How much is your return on your investment, if 3 months later DIY's price is $45? (Provide your answer in percentage rounded to two decimals, omitting the % sign) Show work please. Will thumbs up if correct
Two years ago, you purchased 100 shares of Coca-Cola Company. Your purchase price was $52 a...
Two years ago, you purchased 100 shares of Coca-Cola Company. Your purchase price was $52 a share, plus a total commission of $35 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.10 per share for the first year and $1.18 per share the second year. Also, assume that at the end of two years, you sold your Coca-Cola stock for $60 a share minus a total commission of $35 to sell the...
A company's price Tuesday at closing was 27.89. After closing it had a 3:4 reverse split. What was the company's...
A company's price Tuesday at closing was 27.89. After closing it had a 3:4 reverse split. What was the company's return for Wednesday, if you know that the closing price of the company on Wednesday is $24.95? There was no dividend payment in this period. (Provide your answer in percent, rounded to 2 decimals, omitting the % sign.)
Company ABC has 10,000 shares outstanding and the stock price is $100. The company is expected...
Company ABC has 10,000 shares outstanding and the stock price is $100. The company is expected to pay a dividend of $10 per share next year and thereafter the dividend is expected to grow indefinitely by 6% a year. The company now makes an announcement: It will repurchase shares next year instead of issuing cash dividends. But from year 2 on the payout policy stays the same with cash dividends. 1. What is the expected rate of return on the...
The current (year 0) price of the shares of Company XYZ is $50. There are 1...
The current (year 0) price of the shares of Company XYZ is $50. There are 1 million shares outstanding. Next year (year 1)’s dividend per share is $2, which represents a 60% payout from earnings (net income). Investors expect a ROE of 20%, and a constant growth. (Please solve e, f, g. Ignore a - d) (Please show your work) a. What will be the dividend per share in year 2 and year 3? b. What is the current market...
please answer those two questions 1. 2. You bought stock in a company at a price...
please answer those two questions
1.
2.
You bought stock in a company at a price of $30 per share. You recently sold the stock for a price of $60 per share. While holding the stock, you received dividends of $1.10 per share. What was your total return from this investment? Answer in percent, rounded to two decimal places (e.g. 4.32%=4.32). Numeric Answer: A stock you are looking at has generated the following annual returns: 10.0%, -5.0% and 4.0%. What...
Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock price of $4.00. The company is going to declare a one-for-six reverse stock split. What is the market value of the company prior to the reverse stock split? What will the stock price be after the reverse split? How many shares will be outstanding after the reverse split? What is the market value after the reverse split? Numbers greater than 1,000, round to the nearest whole number and no...
Global Crossing currently has 2,600,000 shares outstanding and a stock price of $20.00. The company is going to declare a two-for-seven reverse stock split. What will the stock price be after the split? Round to two decimals Answer:
Two years ago, you purchased 100 shares of Coca-Cola Company. Your purchase price was $52 a share, plus a total commission of $35 to purchase the stock. During the last two years, you have received the following dividend amounts: $1.10 per share for the first year and $1.18 per share the second year. Also, assume that at the end of two years, you sold your Coca-Cola stock for $60 a share minus a total commission of $35 to sell the...
please answer those two questions
1.
2.
You bought stock in a company at a price of $30 per share. You recently sold the stock for a price of $60 per share. While holding the stock, you received dividends of $1.10 per share. What was your total return from this investment? Answer in percent, rounded to two decimal places (e.g. 4.32%=4.32). Numeric Answer: A stock you are looking at has generated the following annual returns: 10.0%, -5.0% and 4.0%. What...
Most questions answered within 3 hours.
-
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 5 minutes ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 7 minutes ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 53 minutes ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 1 hour ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 1 hour ago -
DO NOT ANSWER IF YOU ARE UNSKILLED IN THIS AREA! TYPE OR WRITE
EACH ANSWER CLEARLY!!...
asked 1 hour ago -
how many moles of sodium are there in 3.41 moles of the
following compounds
NaCl
Na2SO4...
asked 1 hour ago -
1.1: Draw a position vs. time graph for a sprinter
running a 100 m dash. Label...
asked 1 hour ago -
A uniform electric field exists in a region between two
oppositely charged plates. An electron is...
asked 1 hour ago -
The energy levels of a quantum mechanical system are given by
the equation: En = -hfo/√n^2+9....
asked 1 hour ago -
Calculate the molality of an aqueous solution of iron (II)
nitrate with a solute mole fraction...
asked 2 hours ago -
Use the adjusted trial balance for Stockton Company. Determine
the current asset.
Stockton Company
Adjusted Trial...
asked 1 hour ago