Banana Incs stock is currently trading at $100 per share. The company has just completed...
50.1K
Verified Solution
Link Copied!
Question
Finance
Banana Incs stock is currently trading at $100 per share. The company has just completed a 4-for-1 stock split this year. Since the stock split, the firm's market capitalization has also increased by 5%.
a) What will be the stock price following the stock split?
b) After a 4-for-1 stock split, the company plans to increase dividend per share by 10% over last years pre-split dividend of $3. What will be the dividend per share after the 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: Zin AI - Your personal assistant for all your inquiries!
