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Mammoth Corporation is considering a 3-for-2 stock split. It currently has the stockholders'equity position shown. The current stock price is $120 per share. The most recent period's earnings available for common stock is included in retained earnings. Preferred stock $1,000,000 Common stock (100,000 shares at $3 par) 300,000 Paid-in capital in excess of par 1,700,000 Retained earnings 10,000,000 Total stockholders' equity $13,000,000 a. What effects on Mammoth would result from the stock split? b. What change in stock price would you expect to result from the stock split? c. What is the maximum cash dividend per share that the firm could pay on common stock before and after the stock split? (Assume that legal capital includes all paidin capital.) d. Contrast your answers to parts a through c with the circumstances surrounding a 50% stock dividend. e. Explain the differences between stock splits and stock dividend.
ABC Inc. borrows 100m JPY when JPY spot rate is JPY120/$. The JPY interest rate for the loan is 3%. One year later when ABC pays back the JPY principal and interest, the exchange rate is JPY 95/$. What is the dollar cost of ABC's JPY loan?
a 7 percent 20 year 1000 par value floating rate bond is purchased in 2000. by the year 2010 rates on bonds of similar
The company uses the CAPM to calculate its cost of equity, and its target capital structure consists of common stock, preferred stock, and debt. Which of the following events would REDUCE its WACC?
excerpts from the annual report of lands end follow in thousandsyear 9year 8inventory219686241154cost of
Ben remembers from finance class that the shorter the amortization period, the less total interest you will pay. Calculate how much interest they would save if they made monthly payments over a 20 year amortization rather than a 25 year amortiza..
what is du pont analysis of financial statements? what is du pont chart? explain the various components of return on
Deer Valley Lodge, a ski resort in the Wasatch Mountains of Utah, has plans to eventually add 5 new chairlifts. Suppose that one lift costs $2 million, and creating the slope and installing the lift costs another $1.3 million.
Suppose you issued a 120-day forward contract to exchange 200,000 euros into Canadian dollars. How many dollars are involved?
Making of comparative income statement with horizontal analysis and Prepare a comparative income statement with horizontal analysis for the two-year period using 2007 as the base year
Determine whether the information that is given is consistent
In 2007, Apple had cash of $7.12 billion, current assets of $18.75 billion, current liabilities of $6.99 billion, and inventories of 0.25 billion.
1. a put option sells for 1.20 per share. the current stock price is 20.00 and the exercise price is 19.00. what
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