Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of experts ready to help you find accurate solutions to your questions quickly and efficiently. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

A corporation was paying a $2.10 annual dividend. The stock underwent a 3-for-2 split. What is the new annual dividend per share?

Sagot :

Cricetus

Answer:

The right solution is "$1.4". A further explanation is given below.

Step-by-step explanation:

The given values are:

The annual dividend the corporation paying,

= $2.10

It underwent,

= 3 for 2 split

So that the no. of share increased by multiplying factor,

= [tex]\frac{3}{2}[/tex]

Now,

The annual dividend per share will be:

= [tex]2.10\times \frac{2}{3}[/tex]

= [tex]\frac{4.2}{3}[/tex]

= [tex]1.4[/tex] ($)

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.