Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares? * O 15.00 O 7.50 O 31.63 O 15.82
Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at 980,000. What is the new par value of each shares? * O 15.00 O 7.50 O 31.63 O 15.82
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 11P
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![Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently
completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total
legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at
980,000. What is the new par value of each shares? * O
O 15.00
O 7.50
O 31.63
O 15.82](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12de94d0-83b1-403f-aea5-4c92fa771029%2F9b537574-66b8-4b05-8d86-03b533977d9b%2Fz6wvls_processed.png&w=3840&q=75)
Transcribed Image Text:Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently
completed a 2-for-1 stock split on a stock that recently pays P15 dividend per share. The total
legal capital of Bulldogs Inc. is P31,000,000 and it has a total number of outstanding shares at
980,000. What is the new par value of each shares? * O
O 15.00
O 7.50
O 31.63
O 15.82
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