M Summer 2023 iThe balance sheet for Quinn Corporation is shown here in market value terms. There are6,000 shares of stock outstanding.CashFixed assetsTotalMarket Value Balance Sheet$45,200 Equity460,000$ 505,200Total$505,200a. Shares outstandingb. New stock price$ 505,200Instead of a dividend of $1.50 per share, the company has announced a sharerepurchase of $9,000 worth of stock.a. How many shares will be outstanding after the repurchase? (Do not roundintermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)b. What will the price per share be after the repurchase? (Do not round intermediatecalculations and round your answer to 2 decimal places, e.g., 32.16.)

1) Number of shares outstanding after the repurchase: Share price per unit= Total equity/No of…

Total $505,200 Total Instead of a dividend of $1.50 per share, the company has announced repurchase of $9,000 worth of stock. a. Shares outstanding b. New stock price a. How many shares will be outstanding after the repurchase? (Do not intermediate calculations and round your answer to 2 decimal places, e.g., 3 b. What will the price per share be after the repurchase? (Do not round intermed calculations and round your answer to 2 decimal places, e.g., 32.16.)

Total $505,200 Total Instead of a dividend of $1.50 per share, the company has announced repurchase of $9,000 worth of stock. a. Shares outstanding b. New stock price a. How many shares will be outstanding after the repurchase? (Do not intermediate calculations and round your answer to 2 decimal places, e.g., 3 b. What will the price per share be after the repurchase? (Do not round intermed calculations and round your answer to 2 decimal places, e.g., 32.16.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Calculate the preferred and common dividend per share (in $) for the company. (If there is no answer, enter NONE.) Preferred Stock Common Preferred Common Company Dividend Declared Arrears Stock Shares Div./Share Div./Share Shares Div. or Par Cum. a personal electronics manufacturer 9,000,000 1,000,000 $100 6% no $3,000,000 none
Hh2.
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The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding. Market Value Balance Sheet $ Cash Equity 44,200 $ 404,200 Fixed assets 360,000 $ $ Total Total 404,200 404,200 The company has declared a dividend of $1.90 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Stock price per share
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The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $156,000 560,010 Equity $716,010 Total $ 716,010 Total $716,010 The compay has announced it is going to repurchase $49,300 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will b. New shares outstanding c. Share price shareholders' equity by
Sipacore Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $14 per share. Help Sipacore make its decision by completing the following chart (treat each possibility independently): Total assets (1) Before Action After Cash Dividend $1,196,000 1,146,000 (2) After Stock Dividend 1,196,000 $243,000 $ 243,000 $ 243,000 $ Total liabilities Shareholders' equity Common shares 647,000 Retained earnings Total shareholders' equity 647,000 306,000 256,000 953,000 903,000 710,000 306,000 953,000 Total liabilities and shareholders' equity $1,196,000 $ 1,146,000 $ 1,196,000 Number of common shares 100,000 100,000 105,000
The owners’ equity accounts for Vulcano International are shown here: Common stock ($.50 par value) $ 20,000 Capital surplus 210,000 Retained earnings 587,300 Total owners’ equity $ 817,300 a-1. If the company declares a 4-for-1 stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b-1. If the company declares a 1-for-5 reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) b-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
! Required information Assume you pay the reduced amount of $4,405 for a corporate stock that has a market value of $5000. The stock pays an annual dividend of 4.5% of its market value. Since this is primarily a dividend-paying stock, you estimate that you will sell the stock 10 years from now at the current $5000 market value. Identify the spreadsheet function that displays the present worth now (year 0) of the original purchase price, dividends, and proceeds when the stock is sold after 10 years, if i= 7.1% per year. The spreadsheet function is (Click to select) , and it displays $
You believe that Rose, Incorporated, stock is going to fall and you've decided to sell 900 shares short. If the current share price is $52, construct the equity account balance sheet for this trade. Assume the initial margin is 65 percent. Note: Do not round intermediate calculations. Input all amounts as positive values. Assets Proceeds from sale Initial margin deposit Total Liabilities and account equity Short position Account equity Total
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In the above example, suppose the firm had paid $80 per share when buying back shares with its $100 in cash. (Assume that the firm can buy back fractional shares.) In this and the following two questions, fill in the blanks in the table below. Cash Other assets Total market value of stock Shares Share price Do not use $ sign. Answer to nearest whole number. The missing value for a is: Before buyback $100 $400 $500 10 $50 After buyback 0 $400 a b C

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