Your portfolio is 230 shares of Barden, Inc. The stock currently sells for $93 per share....
Your portfolio is 230 shares of Barden, Inc. The stock currently
sells for $93 per share. The company has announced a dividend of
$2.40 per share with an ex-dividend date of April 19.
Assuming no taxes, what is your portfolio value as of April 19?
(Do not round intermediate calculations and round your
answer to the nearest whole number, e.g., 32.)
Portfolio value ____$?
Homework Answers
New stock price = 93-2.40
New stock price = 90.60
Number of shares = 230
Portfolio value = 230*90.60 i.e 20838
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