Suppose that you own 2,200 shares of Nocash Corp. and the company is about to pay a 25% stock dividend. The stock currently sells at $100 per share.
a. What will be the number of shares that you hold after the stock dividend is paid? (Do not round intermediate calculations.)
Number of shares
b. What will be the total value of your equity position after the stock dividend is paid? (Do not round intermediate calculations.)
Total value $
c. What will be the number of shares that you hold if the firm splits five for four instead of paying the stock dividend?
Number of shares hold