Fitness Worlds operates a chain of exercise facilities attachable with Great Eastern Insurance company programmed. The company appeals person who suffer from obesity problems and want to improve their health. Currently, the company has 8,000,000 shares outstanding at par value of RM2 with a current market price of RM12. Calculate the price of Fitness World’s share if the company decided to pay the dividend to shareholders as follows: i. A 20 percent share dividend. ii. A 4-for-1 share split

Fitness Worlds operates a chain of exercise facilities attachable with Great Eastern Insurance company programmed. The company appeals person who suffer from obesity problems and want to improve their health. Currently, the company has 8,000,000 shares outstanding at par value of RM2 with a current market price of RM12. Calculate the price of Fitness World’s share if the company decided to pay the dividend to shareholders as follows: i. A 20 percent share dividend. ii. A 4-for-1 share split

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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How do I do this?
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I think answer is $5.05 after founding