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Author Question: Dryden, Corp. has 500,000 shares of common stock outstanding, a P/E ratio of 11, and $900,000 ... (Read 240 times)

D2AR0N

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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
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Marked as best answer by D2AR0N on May 1, 2019

AmberC1996

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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.
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D2AR0N

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Reply #2 on: May 1, 2019
TY


AmberC1996

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Reply #3 on: May 1, 2019
You're welcome


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