a. The price of Chaney's shares after a stock dividend of 19.6% will be $___ (round to nearest cent)
b. The price of Chaney's shares after a three-for-one stock split will be $___ (round to nearest cent)
c. The price of Chaney's shares after a stock dividend of 33.6% will be $_____ (round to nearest cent)
d. The total number of shares outstanding after the stock dividend of 19.6% is ____ shares (nearest integer)
The total number of shares outstanding after the three-for-one stock split is _____ shares (nearest integer)
The total number of share outstanding after the stock dividend of 33.6% is _____ shares (nearest integer)
Homework Answers
1.
=11.71/1.196=9.79096989966555
2.
=11.71/3=3.90333333333333
3.
=11.71/1.336=8.76497005988024
4.
=8400000*1.196=10046400
5.
=8400000*3=25200000
6.
=8400000*1.336=11222400
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