The following information relates to X, Y, and Z as at 30 June 2021 Stock...
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Accounting
The following information relates to X, Y, and Z as at 30 June 2021
Stock Share price Number of shares
X 10 2,000,000
Y 15 6,000,000
Z 20 10,000,000
During the year the following activities occurred;
A two for one stock split on Y
Payment of 10% dividend on Z. It can be assumed that the entire dividend paid will be reinvested in shares of Z limited.
On 30 June 2022 the stock prices of X, Y and Z were sh 12, sh 10 and sh 20 respectively.
Required;
- New index value given that the beginning value index is 100. (7 Marks)
- Explain how secondary markets benefit investors. (3 Marks)
- State and explain the main risks faced by financial institutions in the course of conduct of their business. (5 Marks)
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