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 295 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?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Male common pochard, London, UK Male common pochard, London, UK
All living organisms descended from a common ancestral cell All living organisms descended from a common ancestral cell
Common Homophones Common Homophones
Common skin signs are often evidence of an illness or disorder. A papule is a solid, circumscribed, ... Common skin signs are often evidence of an illness or disorder. A papule is a solid, circumscribed, ...
Common Types of Losses Common Types of Losses
Common Suffixes Cont. Common Suffixes Cont.
Video: Resting membrane potential - electrical polarity and maintenance requirements

For a complete list of videos, visit our video library