A 3 for 2 split means that we will have 3 shares for every 2 shares that we hold
Current Stock Price = $96
Stock Price after split = 96/(3/2) = $64
Stock Split JPix management is considering a stock split. JPix currently sells for $96 per share...
JPix management is considering a stock split. JPix currently sells for $102 per share and a 3-for-1 stock split is contemplated. What will be the company's stock price following the stock split, assuming that the split has no effect on the total market value of JPix's equity? Round your answer to the nearest dollar.
Emergency Medical's stock trades at $75 a share. The company is contemplating a 3-for-1 stock split. Assuming that the stock split will have no effect on the market value of its equity, what will be the company's stock price following the stock split? Round your answer to the nearest cent. $
Emergency Medical's stock trades at $115 a share. The company is contemplating a 3-for-1 stock split. Assuming that the stock split will have no effect on the market value of its equity, what will be the company's stock price following the stock split? Round your answer to the nearest cent. $
stock split 34-2 STOCK SPLIT Emergency Medical's stock trades at $145 a share. The company is con- templating a 3-for-2 stock split. Assuming that the stock split will have no effect on the market value of its equity, what will be the company's stock price following the stock split? income of $3 800 000 and it has
Stock split versus stock dividend—Firm Mammoth Corporation is considering a? 3-for-2 stock split. It currently has the? stockholders' equity position shown. The current stock price is? $120 per share. The most recent? period's earnings available for common stock is included in retained earnings. a. What effect on? Mammoth's equity account would result from the stock split? b. What change in stock price would you expect to result from the stock? split? c. What is the maximum cash dividend per share...
A company's stock currently sells for $63 per share. Last week the firm issued rights to raise new equity. To purchase a new share, a stockholder must remit $16 and 3 rights a. What is the ex-rights stock price? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the price of one right? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price Value...
Grullon Co. is considering a 7-for-3 stock split. The current stock price is $75.00 per share, and the firm believes that its total market value would increase by 5% as a result of the improved liquidity that it thinks would follow the split. What is the stock's expected price following the split?
Stock dividend versus stock split Firm The board of Wicker Home Health Care, Inc., is exploring ways to expand the number of shares outstanding in an effort to reduce the market price per share to a level that the firm considers more appealing to investors. The options under consideration are a 20% stock dividend and, alternatively, a 5-for-4 stock split. At the present time, the firm's equity account and other per-share information are given as follows: a. Show the effect...
Your portfolio is 200 shares of Callahan, Inc. The stock currently sells for $93 per share. The company has announced a dividend of $1.43 per share with an ex-dividend date of April 19. Assuming no taxes, how much will your stock be worth on April 19? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Stock valueſ
Wildcat Company is considering a 5-for-3 stock split. The current price is $57.00 per share, and Wildcat believes that its total market value would increase by 7.5% as a result of the improved liquidity that it thinks would follow the split. What is the stock's expected price following the split? O a) $35.44 Ob) $32.06 Oc) $39.07 O d) $37.21 O e) $36.77