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Darina [25.2K]
3 years ago
6

You own 180 shares of stock in Halestorm, Inc., that currently sells for $82.45 per share. The company has announced a dividend

of $3.05 per share with an ex-dividend date of February 4. Assuming no taxes, what is the value of the stock on February 4
Business
1 answer:
bearhunter [10]3 years ago
3 0

Answer:

New stock value = $79.40

Total stock value = $14,292

Explanation:

GIVEN the following ;

Number of shares of stock = 180

Current price = $82.45 per share

Dividend = $3.05 per share.

Ex dividend date = February 4

Value of stock on February 4 =?

The Ex dividend date may be regarded as the day whereby payment of dividend and reinvestment is held.

Assuming no taxes, The value of the stock will drop by the same amount of the current dividend on February 4.

Therefore,

New stock value = current stock price - dividend per share

New stock price = $82.45 - $3.05 = $79.40

New stock value = $79.40 per share.

Total stock value :

$79.40 × 180 = $14,292

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The following information relates to a company's defined benefit pension plan at December 31:Accumulated benefit obligation1,035
lawyer [7]

Answer:

B.$513,000

Explanation:

The pension liability of a company as at December 31, is to be calculated in the following manner:

Pension liability=Projected benefit obligation-Plan Assets(fair value)

                           =1,250,000-737,000

                           =$513,000

So based on the above discussion, the answer is B.$513,000

7 0
3 years ago
Suppose that after hurricane​ Irene, the average income in Cape​ Charles, Virginia decreased by 16 percent. In response to this
SIZIF [17.4K]

Answer:

0.875

Explanation:

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Income elasticity of demand = percentage change in quantity demanded / percentage change in income

14% / 16% = 0.875

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I hope my answer helps you

3 0
3 years ago
What does​ "2/10" mean, with respect to​ "credit terms of​ 2/10, n/30"?
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a.  a discount of 2 percent will be allowed if the invoice is paid within 10 days of the invoice date.

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3 0
3 years ago
a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages ​
padilas [110]

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)

Two years ago, the boy is younger than present two years

=> The boy's age two years ago is: x - 2 (years old)

Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)

As given, two years ago he was two-thirds of his sister's age, so that we have:

<em>The boy's age two years ago = </em>\frac{2}{3}<em> × the sister's age two years ago</em>

⇒ x - 2 = \frac{2}{3}(x+1)

⇒ x - 2 = \frac{2}{3}x + \frac{2}{3}

⇒ x - \frac{2}{3}x =  \frac{2}{3} + 2

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So the present age of the boy is 8 years old, of the sister is 11 years old

5 0
3 years ago
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