Which of the following statements regarding a 2-for-1 stock split are TRUE?
XYZ Corporation has 2,000,000 shares of common stock authorized. The company has issued 1,000,000 common shares of which 200,000 shares are treasury stock. The company has earnings of $2.00 per share. The XYZ Corporation has repurchased:
Foremost Corporation has declared a quarterly dividend of 25 cents payable to stockholders of record on Friday, December 1st. The dividend would be paid to all stockholders whose name appeared on the record books of Foremost Corporation on:
The dividend would be paid to all stockholders whose name appeared on the record books of Foremost Corporation on:
A company declares a forward stock split. What is the effect on the stock's par value?
ABC, Inc. will issue new stock through a rights offering. Terms of the offering are 10 rights plus $10 to purchase one new share of stock, with any fractional shares to be considered whole shares. ABC is currently trading at $13. If your customer owns 85 shares of ABC and wishes to subscribe to the new offering, how many shares can she purchase at the subscription price and how much money will be required?
A) 9 shares; $80. B) 8 shares; $90. C) 9 shares; $90
D. 8 shares $80
Your answer, 9 shares; $90., was correct!.
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