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kitkat867 kitkat867
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2 months ago
St. Lawrence Ltd. and Mississippi Ltd. both have 50,000 shares outstanding and both shares currently trade at $8 per share. St. Lawrence Ltd. pays a cash dividend of $0.75 per share and Mississippi Ltd. distributes a 5% stock dividend. After the dividends are paid/distributed, the number of shares outstanding for St. Lawrence Ltd. and Mississippi Ltd., respectively, are

▸ 45,500; 50,000.

▸ 50,000; 52,500.

▸ 50,000; 50,000.

▸ 50,000; 45,500.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
Author:
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paris.chenparis.chen
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