Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a. what are stock splits and stock stock dividends

a. What are stock splits and stock stock dividends? b. If a firm's stock price...

70.2K

Verified Solution

Question

Finance

a. What are stock splits and stock stock dividends?

b. If a firm's stock price is $120 and the number of existing shares is 1 million, what will be the number of shares and share price after a 3:1 stock split?

c. What will be the number of shares and share price after a 100% stock dividend? Alternatively, how much stock dividend should the company issue to have the same effect as a 3:1 stock split

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

You will be assigned tetracycline an antibiotic to focus your discussion on. Please answer the following...

Psychology
1.2K views

The following scenarios involve predicting the location of a stroke from symptoms. For each of the...

Biology
1.2K views

The atomic model changed from time to time This is because Oscientists discussed their ideas...

Biology
1.2K views

Electron Transport Chain H NADH Dehyrogenase 578748 H REMERLY NADH H NAD Electron donor H...

Statistics
1.2K views

Consider a company with trailing EPS of 4 and forecasted next year EPS of 5...

Calculus
1.2K views

Find the average value of f x Average value 3 23 3x on the interval...

Algebra
1.2K views

3 Solve 60 5 12 Answer x Round your answer to nearest hundredth if necessar

Accounting
1.2K views

Harbour Company makes two models of electronic tablets, the Home and the Work. Basic production...

Accounting
1.2K views

Lone's Cempanies, Ine. Consolidated Balance Sthets (It mitlicen, excepl pat value) Janwary 28,2022 January 29,2021...

Accounting
1.2K views

QUESTION 11(CHAPTER 20) Pittsburgh Corporation has three shareholders: Jim, Connor, and Nick. Jim, Connor...

Accounting
1.2K views

December 31, 2023, Small INC. sold product to Large Corp., accepting a 3\%, four-year promissory...

Finance
1.2K views

Question. Please attempt the below question Jock Ma is the founder of Pharmacy Warehouse Pty...