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Accounting

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1.)

A company has 360,000 shares outstanding that sell for $86.75 per share. The company plans a 3-for-1 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?

 

Multiple Choice

 

 

a.) $43.38

 

b.) $28.92

 

c.) $260.25

 

d.) $33.05

 

e.) $38.21

 

2.)

 

Cookies and Cream has 39,000 shares outstanding at a market price of $90.10. What will the share price be if the company declares a stock dividend of 15 percent?

 

Multiple Choice

 

 

 

a.) $103.62

 

b.) $90.10

 

c.) $78.35

 

d.) $81.29

 

e.) $84.22

 

3.)

Bo's Home Manufacturing has 370,000 shares outstanding that sell for $45.94 per share. The company has announced that it will repurchase $57,000 of its stock. What will the share price be after the repurchase?

 

Multiple Choice

 

 

a.)$43.08

 

b.) $40.06

 

c.) $45.79

 

d.) $45.94

 

e.) $46.09