Determine financial position after the stock split

Assignment Help Finance Basics

Reference no: EM1357627

You own 8% of the Standlee Corporation's common stock, which most recently sold for $98 before a planned two-for-one stock split announcement. Before the split there are 30,000 shares of common stock outstanding.
a. Relative to now, what will be your financial position after the stock split? (Assume the stock price falls proportionately)
b. The executive vice-president in charge of finance believes the price will only fall 45% after the split because she thinks the price is above the optimal price range. If she is correct, what will be your net gain?

Reference no: EM1357627

Questions Cloud

Explain and assess the impact of prohibition : Explain and Assess the impact of Prohibition on organized crime to include scrutinizing both it's strengths and weaknesses

Major depression and the blues : Discuss the difference between major depression and the blues. Provide an example.

How much electrical energy is transferred to thermal energy : A certain brand of hotdog cooker works by applying a potential difference of 142 V across opposite ends of a hot dog and allowing it to cook by means of the thermal energy produced.How much electrical energy is transferred to thermal energy.

Professionalization of private security : Show the extent of security's growth in this country and List and discuss the reasons for professionalization of the field of private security?

Determine financial position after the stock split : Suppose you have 8 percent of the Standlee Corporation's common stock, which most recently sold for $98 before a planned two-for-one stock split announcement.

Human resources-recruitment and retention practices : Explain from which types of discrimination EEO laws protect employees. Give an example showing a company that is or has displayed discriminatory practices.

Write function to take the name of file as one parameter : Write a function named paragraphStats() that takes one parameter:the name of a file. The file contains a single line of text.

Journal entries for issuing-purchasing shares : Garza Co. had the following transactions during the current period. Journalize cash dividends; indicate statement presentation.

What is the current in amperes in a wire of radius : What is the current in amperes in a wire of radius. The parallel plates in a capacitor, with a plate area of 8.70 cm2 and an air-filled separation of 3.30 mm, are charged by a 8.90 V battery.

User Account

All Pages