Homework Answers
| Answer |
|
3 for stock split means that 3 shares will be issued in place of every 2 held |
| a) Number of shares after split = 50*3/2 = 75 shares |
| b) Per share dividend required = 4*50/75 = $2.66667 per share |
| c) Stock is issued a dividend under stock dividend |
| (75-50)/50 |
| Stock dividend % = 50% |
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