Parcel be after stock dividend goes into effect

Assignment Help Financial Management

Reference no: EM131912590

US Parcel Inc has 5800 shares of stock outstanding and a current stock price of $15.50 per share. The company has no debt. The company is currently short on cash and announces that instead of a cash dividend they will pay the following stock dividend to all shareholders: one new share of stock for each 7 shares held. What will the new price per share if US Parcel be after the stock dividend goes into effect.

Place your answer in dollars and cents without the dollar sign.

Reference no: EM131912590

Questions Cloud

Conducting an initial analysis of credit information : Her primary responsibility is reviewing loan applications for completeness and conducting an initial analysis of the credit information.

What amount should company report as cash paid : If Company uses the DIRECT METHOD, what amount should Company report as cash paid to suppliers in its 2014 statement of cash flows

Before the addition of any potassium hydroxide : Determine the pH during the titration of 14.7 mL of 0.218 M nitric acid by 0.138 M potassium hydroxide at the following points:

Determine the ph during the titration : Determine the pH during the titration of 29.3 mL of 0.278 M hydroiodic acid by 0.274 M sodium hydroxide at the following points:

Parcel be after stock dividend goes into effect : What will the new price per share if US Parcel be after the stock dividend goes into effect.

Discuss the proper accounting for a bond premium : Discuss the proper accounting for a bond premium in the capital projects fund, the debt service fund, and government-wide statements

What are the benefits and challenges for employees : What are the benefits and challenges for employees with the presence of unions in the workplaces.

What is effective interest cost for first year : What is the effective interest cost for the first year if the annual LIBOR is 3.50?% during the first six months and 3.90?% during the second six months.

Determine the average cost per gallon : Dino's Place operates a wine outlet in Miami. One-gallon bottle sell for 18. Determine the average cost per gallon. Explain the difficulties of the fixed cost

User Account

All Pages