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Jones Inc. recently completed a 3-for-1 stock spli...

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Jones Inc. recently completed a 3-for-1 stock split. Prior to the split, its stock price was $150 per share. The firm's total market value was unchanged by the split. What was the price of the company's stock following the stock split?,Gainsco has a capital budget of $1,000,000, but it wants to maintain a target capital structure of 60% debt and 40% equity. The company forecasts this year's net income to be $600,000. If the company follows a residual dividend policy, what will be its dividend paid?

 

Paper#5696 | Written in 18-Jul-2015

Price : $25
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