A corporation has 50,000 shares of $25 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 5-for-1 stock split, the market value of the stock after the split will be approximately
a. $25
b. $150
c. $5
d. $30
d
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Mark signs a periodic tenancy lease at the River's Edge Warehouse for one year. After the year expires, Mark stays in the warehouse and the landlord acquiesces. Mark
a. has a month-to-month periodic lease, which can be terminated by either party giving a 30-day notice. b. has a tenancy at sufferance which is not a true tenancy at all. c. has another one-year lease. d. must move out when the landlord finds another tenant.
The times-interest-earned ratio is calculated as ________
A) earnings before interest and tax divided by interest expense B) profit before tax divided by interest expense C) net income divided by interest expense D) income tax expense plus interest expense divided by interest expense
The target capital structure of a firm is the capital structure that:?
A. ?minimizes the operating risk of the firm's assets. B. ?maximizes the tax shield created by debt. C. ?minimizes the default risk of long-term debt. D. ?maximizes the price of the firm's stock. E. ?minimizes the risk premium paid on long-term debt.
The three types of profit-sharing plans are ____________________, ____________________ or ____________________.
Fill in the blank(s) with the appropriate word(s).