Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely. Shares in Raven Products are selling for $20 per share. There are one million shares outstanding. What will be the share price in eachof the following situations? Ignore taxes. (Round your answers to the nearest cent.)a. The stock splits five-for-four.Price $b. The company pays a 12% stock dividend.Price $c. The company repurchases 70,000 shares.Price $ The stock of Payout Corp. will go ex-dividend tomorrow. The dividend will be $1.5 per share, and there are 25,000 shares of stockoutstanding. The market-value balance sheet for Payout is shown below.AssetsCashFixed assetsLiabilities and Equity$1,550,000$ 400,000 Equity1,150,000a. What price is Payout stock selling for today? (Round your answer to 2 decimal places.)Price $b. What price will it sell for tomorrow? Ignore taxes. (Do not round intermediate calculations. Round your answer to 2 decimalplaces.)Price $

Answer 1a. Stock splits five for four The stock price after the stock split is b. Stock dividend =…

Shares in Raven Products are selling for $20 per share. There are one million shares outstanding. What will be the share price in each of the following situations? Ignore taxes. (Round your answers to the nearest cent.) a. The stock splits five-for-four. Price $ b. The company pays a 12% stock dividend. Price $ c. The company repurchases 70,000 shares. Price $

Shares in Raven Products are selling for $20 per share. There are one million shares outstanding. What will be the share price in each of the following situations? Ignore taxes. (Round your answers to the nearest cent.) a. The stock splits five-for-four. Price $ b. The company pays a 12% stock dividend. Price $ c. The company repurchases 70,000 shares. Price $

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation

Section: Chapter Questions

Problem 9MC

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