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17) Lodge Pole Co shares are now selling for $19.25 per share. Lodge Pole board...

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Accounting

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17) Lodge Pole Co shares are now selling for $19.25 per share. Lodge Pole board just declared a cah dividend of $0.65 per share with an ex-dividend date of April 15th and a 3-for-1 stock split effective May 31st, You own 100 shares and your personal tax rate is 15%. i) Assuming no other movements in Lodge Pole stock, what will be the price per share on April 15thi? ii) Assuming no other movements in Lodge Pole stock (other than the impact of the declared cashdividend, if any) what will be the price of Lodge Pole stock on June 1 ? iii) How much income tax, if any, will you owe as a result of the above two events

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