Aaron purchased 350 shares of KMP stock on May 8. On May 12, he purchased another 510 shares and then on May 18 he purchased a final 300 shares of KMP stock. The company declared a dividend of $1.75 a share on May 6 to holders of record on Monday, May 22. The dividend is payable on June 12. How much dividend income will Steve receive on June 12?
Today, you purchased 100 shares of Lazy Z stock at a market price of $59.30 per share. You also bought a one-year, $58 put option contract on Lazy Z stock at a cost of $1.75 per share. What is the maximum total amount you can lose over the next year on these purchases?
The Mining Co. has 300,000 shares of stock outstanding. The current market value of the firm is $14,413,000. The company has retained earnings of $9,127,000, capital in excess of par value of $1,160,000, and a common stock account value of $60,000. The company is planning a reverse stock split of 4-for-7. What will the par value per share be after the split?