Stock split

Assignment Help Financial Management
Reference no: EM13929034

Stock Split

JPix management is considering a stock split. JPix currently sells for $65 per share, and a 3-for-2 stock split is contemplated. What will be the company's stock price following the stock split assuming that the split has no effect on the total market value of JPix's equity? Round your answer to the nearest cent.

Reference no: EM13929034

Questions Cloud

How cloud based office productivity software is different : Remember to state business problem, articulate the current setup, explain how cloud based office productivity software is different, and how it benefit the business
Problem regarding the accounting software memo : Your department's accounting software is extremely outdated and you have included the purchase of new software in this year's fiscal budget. You have decided it is time to start looking into purchasing your company's accounting software and have c..
What is the book value of the asset at the time of sale : How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how much?
External equity financing : Gardial GreenLights, a manufacturer of energy efficient lighting solutions, has had such success with its new products that it is planning to substantially expand its manufacturing capacity with a $10 million investment in new machinery.
Stock split : JPix management is considering a stock split. JPix currently sells for $65 per share, and a 3-for-2 stock split is contemplated. What will be the company's stock price following the stock split assuming that the split has no effect on the total marke..
Choosing accounting software : Write a 200- to 300-word response to the above article. Identify the different types of accounting software. Provide the names of different software programs for each type of software.
Residual distribution model : Puckett Products is planning for $1.8 million in capital expenditures next year. Puckett's target capital structure consists of 60% debt and 40% equity. If net income next year is $3 million and Puckett follows a residual distribution policy with all..
List and describe three improvements : List and describe three improvements that have been made to Active Directory in the Windows Server implementation. What one other improvement would you suggest that is not part of Active Directory at this time?With one reference please
Calculate the operating and cash cycles : Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 11,400 $ 12,400 Accounts receivable 6,400 6,700 Accounts payable 8,600 9,000 Credit sales $ 94,000 Cost of goods sold 74,000 Calculate..

Reviews

Write a Review

Financial Management Questions & Answers

  Compute macaulay and modified durations

Compute Macaulay and modified durations for the following bonds: a 5-year bond paying annual coupons of 3.322% and selling at par. an 8-year bond paying semi annual coupons with a coupon rate of 9% and a yield of 8%

  What is the particular attraction of this type of lending

Many banks compete aggressively for business in consumer credit cards. What is the particular attraction of this type of lending?

  Calculate the weighted average cost of capital

Based on the information below, calculate the weighted average cost of capital. Great Corporation has the following capital situation. Debt: One thousand bonds were issued five years ago at a coupon rate of 10%. They had 25-year terms and $1,000 face..

  What adjustments should you make to your bond portfolio

Inflation has remained low for the past three years but you have come to the conclusion that trend is ending and inflation will increase significantly over the next 18 months. Assume you have reached this conclusion prior to other investors reaching ..

  Calculate the stocks coefficient of variation

One way to calculate a stock's beta is to- calculate the stock's coefficient of variation. calculate both the stock's mean return and the std.dev. of the returns.

  Increase its expected future return on equity

If a firm takes steps that increase its expected future ROE (return on equity), its stock price will _________ increase. According to your understanding, a company with one key product is considered to be ___________ risky than companies with a wide ..

  Consider another uneven cash flow stream

Consider another uneven cash flow stream: What is the present ( year 0) value of the cash flow stream if the opportunity cost rate is 10 percent? What is the future (year 5) value of the cash flow stream if the cash flows are invested in an account t..

  Compute the prospective rate of return before taxes

A project has an initial cost of $150,000 and an estimated salvage value after 13 years of $90,000. Estimated average annual receipts are $27,000. Estimated average annual disbursements are $16,000. Assuming that annual receipts and disbursements wil..

  Project amount of investment projected rate of return

Chemical Co. received the following requests for capital investments for the year: Project Amount of Investment Projected Rate of Return (%) A $102,000 13.2 B 150,000 12 C 98,000 9 D 165,000 11 E 180,000 8.5 F 100,000 13 The company's minimum attract..

  What is the market rate of return on this stock

The common stock of Eddie's Engines, Inc. sells for $36.83 a share. The stock is expected to pay $2.80 per share next year. Eddie's has established a pattern of increasing their dividends by 4.9 percent annually and expects to continue doing so. What..

  Sales increase

Maggie's Muffins, Inc., generated $2,000,000 in sales during 2013, and its year-end total assets were $1,600,000. Also, at year-end 2013, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and ..

  What is the cost of preferred stock to the firm

XYZ Corp. has an 8 percent preferred stock that is currently selling for $120 per share. If the par value is $100, what is the cost of preferred stock to the firm?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd