The Baldwin Locomotive Works Inc manufactures steam locomotives for North American railways. Selected financial information for Baldwin is provided in the table below
The CFO, Matthias Baldwin, wants to distribute $1B of cash by means of an extra dividend. What will the stock price be after the dividend?
Baldwin Locomotive Works Inc
Selected Financial Information
Stock Price $62.725
Cash $1,000M
Market Capitalization $9,408.75M
Shares Outstanding 150M
Debt $0
A) $56.06
B) $62.73
C) $68.73
D) $69.39
E) $72.26
A
You might also like to view...
To emphasize different quantities or ideas, use visual choices that
A) are formal. B) create parallelism. C) are simple. D) follow rules of convention. E) contrast.
The direct write-off method estimates the amount of bad debts before they occur
a. True b. False Indicate whether the statement is true or false
After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $32,000. The entry to close the income summary account will be:
A. Credit Retained earnings $32,000; debit Dividends $32,000. B. Debit Income Summary $32,000; credit Retained earnings $32,000. C. Debit Income Summary $32,000; credit Dividends $32,000. D. Debit Dividends $32,000; credit Income Summary $32,000. E. Debit Retained earnings $32,000; credit Income Summary $32,000.
Using the set of symbols commonly used in marketing research to denote experimental designs, which symbol below represents the process of observation or measurement of the dependent variable on the test units or group of units?
A) T B) O C) R D) X