Intro Merk has 610 million shares oustanding that currently trade at $445. IB Attempt 1/5 for...

Question

Question

business finance

Answer 1

Answer #1

80% stock dividend

Number of shares of stock dividend = 610,000,000 * 80% = 488,000,000

New share price = (610,000,000 * $445) / (610,000,000 + 488,000,000)

= 271450,000,000 / 1098,000,000

= $247.22

Answer 2

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