What would you expect the stock price to be

Assignment Help Financial Accounting
Reference no: EM132733291

Problem - Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS is $3.00, and the stock sells for $80 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have, what will the adjusted EPS and DPS be, and what would you expect the stock price to be?

Reference no: EM132733291

Questions Cloud

Challenges of influx of the palestinian refugee population : What are some of the impacts and challenges of the influx of the Palestinian refugee population into Jordan on the healthcare system? Explain.
How much external equity must Gardial seek now : This year's net income was $8 million. How much external equity must Gardial seek now to expand as planned
Analyze the five elements of contract : Describe and analyze the five elements of a contract that must exist for this agreement to be enforceable.
How does state versus trait impact violent crime : Explain whether mental illness makes one more likely to engage in violent behavior when compared to the general population. Justify your response.
What would you expect the stock price to be : Immediately after the split, how many shares will you have, what will the adjusted EPS and DPS be, and what would you expect the stock price to be
What was last year dividend per share : This total dividend payout represents a 6% increase over last year's presplit total dividend payout. What was last year's dividend per share
Describe creative episode similar to the two boys : Describe a creative episode similar to the two boys who found a frog in the text.
Calculate Boehm dividends per share : Boehm Corporation has had stable earnings growth of 8% a year for the past 10 years, Calculate Boehm's dividends per share for 2020
Nurse role in supporting organization strategic agenda : As hospitals seek to reduce the incidence of Never Events and improve the overall quality of health care provided,

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find and record appropriate journal entries for donation

How do Record the appropriate journal entries for the donation and the sale of the art. Abby Hatcher's occupation is an artist, and her pieces of work

  Company started the year with total assets

ABC Company started the year with total assets of $70,000 and total liabilities of $50,000. During the year the business recorded $150,000 in sales, $85,000 in expenses, and dividends of $10,000. The net income reported by ABC Company for the year wa..

  Dolphins cost of goods sold

The accounting records of Dolphin Company revealed the following information: Dolphin's cost of goods sold is:

  Evaluate burgmans performance as manager of park theater

Evaluate Burgman's performance as manager of the Park Theater. Compute the theater's return on investment and residual income.

  In one-stage assembly system-joint replenishment system

In a one-stage assembly system, each component facility should order at least as frequently as the end product facility. In a joint replenishment system, it might be optimal for all retailers to order less frequently than the cross-dock. In a one-sta..

  How many procedures in addition to projected per year

The bank tells me the discount rate should be 10 percent. If the project loses money, let me know how many procedures in addition to the 450 projected per year we would need to generate in order to break even.

  Do agree or disagree with the position

Do you agree or disagree with his position? Explain. Many economists believe that in periods of severe economic downturn, the federal government

  What is the carrying value of available for sale investment

Peter Senen Company invests P3,000,000 in abound. What is the carrying value of the available for sale investment on October 1, 2020?

  An equipment manufacturer

On January 1, 2014, Fishbone Corporation (an equipment manufacturer) sold equipment to Lost Company that cost $150,000. Fishbone received as consideration a non-interest-bearing note requiring payments of $80,000 annually for 3 years.

  Used to build the foundation of company strategic plan

In a Balanced Scorecard (BSC), the critical success factors are used to build the foundation of a company’s strategic plan.

  Bond issue price assuming that the prevailing market rate

Bushman, Inc., issues $400,000 of 8% bonds that pay interest semiannually and mature in 8 years. Compute the bond issue price assuming that the prevailing market rate of interest is 10% per year compounded semiannually.

  Amount of net cash flows from operating activities

The accountant for Erica’s Dress Shop prepared the following cash budget. Erica’s desires to maintain a cash cushion of $17,000 at the end of each month. Complete the cash budget by filling in the missing amounts. Determine the amount of net cash flo..

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