1.Hoffman Corporation is currently taking for 200 and has 18,000 shares
1.Hoffman Corporation is currently taking for 200 and has 18,000 shares
outstanding. If Hoffman does a 3 for one stock split, what should the new stock price be?
2.Jasmine Inc has a Net Income of 680, a target equity fraction of 0.7, and a project new capital budget of 300. What should Jasmine’s dividend be under the residual dividend model?