Current stock price

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Happy M manufacturing has 30,000 shares of common stock outstanding. It's management believes the current stock price of $100 per share is too high. The company is planning a to conduct stock splits in the ratio of 4 for 1

If Happy M declares a 4-1 stock split, what will the new price of the company's stock assuming the total value of the firms stock remains the same after the split?

A) 200

B) 25

C) 400

D) 50

E) 33.33

Company M is one of Happy M's competitors. Company M's market intelligence research team shares Happy M's plans of announcing a stock split influencing the distribution policy makers. Company M decides to offer dividends to its shareholders. Company M has 3,200,000 shares of common stock outstanding

If the firm pays a 6% stock dividend what will be the total number of shares outstanding after the dividend payout?

A) 3,392,000

B) 4,070,400

C) 2,883,200

D) 3,900,800

Any and all help appreciated. Thank you in advance.

Reference no: EM132204063

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