b 1 points Assume that you own 4,000 shares of Briant Inc.'s common stock and...
70.2K
Verified Solution
Link Copied!
Question
Accounting
b 1 points Assume that you own 4,000 shares of Briant Inc.'s common stock and that you currently receive cash dividends of $0.7 per share per year. Required: a. If Briant Inc. declared a 10% stock dividend, how many shares of common stock would you receive as a dividend? b. Calculate the cash dividend per share amount to be paid after the stock dividend that would result in the same total cash dividend (as was received before the stock dividend). (Round your answer to 2 decimal places.) c. If the cash dividend remained at $0.7 per share after the stock dividend, what per share cash dividend amount without a stock dividend would have accomplished the same total cash dividend? (Round your answer to 3 decimal places.) eBook References a. Dividend shares b. Total cash dividend C. Total cash dividend per share per share d. Why might a company consider having a dividend policy of paying a $0.10 per share cash dividend every year and also issuing a 10% stock dividend every year? This dividend policy would result in greater cash dividend per share. This dividend policy would result in greater total cash dividends every year without changing the cash dividend per share. This dividend policy would result in greater total cash dividends
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
