21. You purchased 200 shares of H20 Corporation stock at a price of $20. Conside
ID: 1172470 • Letter: 2
Question
21. You purchased 200 shares of H20 Corporation stock at a price of $20. Consider each of the following announcements separately. What will the price of the stock be after each change? How many shares will you own? What will be the total value of your holdings (value of stock plus any income)? has the The firm announces a 10 percent stock dividend. The firm announces a two-for-one stock split. a. the b. ar The firm announces a $0.50 per share dividend (in your answer use the price of the stock on the ex-dividend date). rsd. The firm announces it will repurchase 10 percent of its shares on you do not offer to sell any of your shares.Explanation / Answer
a.
shares you own=200*1.10=220
price of stock=(20*200)/220=18.18
total value=220*18.18=4000
b.
shares you own=200*2/1=400
price of stock=(20*200)/400=10
total value=400*10=4000
c
shares you own=200
price of stock=20-0.50=19.50
total value=200*19.50+200*0.50=4000
d.
shares you own=200
price of the stock=20
value=200*20=4000
the above is answer..
Related Questions
Hire Me For All Your Tutoring Needs
Integrity-first tutoring: clear explanations, guidance, and feedback.
Drop an Email at
drjack9650@gmail.com
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.