Suppose that you own 1,700 shares of Nocash Corp
Question
Suppose that you own 1,700 shares of Nocash Corp. and the company is about to pay a 25% stock dividend. The stock
currently sells at $120 per share.
| a. | What will be the number of shares that you hold after the stock dividend is paid? (Do not round intermediate calculations.) |
| Number of shares |
| b. | What will be the total value of your equity position after the stock dividend is paid? (Do not round intermediate calculations.) |
| Total value | $ |
| c. | What will be the number of shares that you hold if the firm splits five for four instead of paying the stock dividend? |
| Number of shares hold |
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