This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Dryden, Corp. has 500,000 shares of common stock outstanding, a P/E ratio of 11, and $900,000 ... (Read 275 times)

D2AR0N

  • Hero Member
  • *****
  • Posts: 561
on: May 1, 2019
Dryden, Corp. has 500,000 shares of common stock outstanding, a P/E ratio of 11, and $900,000 earnings available for common stockholders. The board of directors has just voted a 5:2 stock split.
a.If you had 100 shares of stock before the split, how many shares will you have after the split?
b.What was the total value of your investment in Dryden stock before the split?
c.What should be the total value of your investment in Dryden stock after the split?
d.In view of your answers to (b) and (c) above, why would a firm's management want to have a
stock split?
Foundations of Finance ¦ Keown, Petty, Martin ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by D2AR0N on May 1, 2019

AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: May 1, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 45% of students answer this correctly


D2AR0N

  • Hero Member
  • *****
  • Posts: 561
Reply #2 on: May 1, 2019
TY


AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: May 1, 2019
You're welcome


« previous next »
 

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

The common squirrel monkey (Saimiri sciureus) is a small New World primate from the Cebidae (squirre The common squirrel monkey (Saimiri sciureus) is a small New World primate from the Cebidae (squirre
Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti Retinopathy. Illustration of a normal retina (left) and a diseased retina (right). The diseased reti
Common STIs in the United States Common STIs in the United States
Diseases Common to the Elderly Diseases Common to the Elderly
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Common Singular and Plural Endings Common Singular and Plural Endings
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library