Chandler Corporation has 1 million shares outstanding. The current price per share is $20. If the company decides to pay a$2 m

Question

3 years ago

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Chandler Corporation has 1 million shares outstanding. The current price per share is $20. If the company decides to pay a$2 m

illion dollar dividend, the company will have ________ shares outstanding worth approximately ______.A.900,000, $20 per shareB.1,000,000, $18 per share.C.900,000, $22.22 per share.D.1,000,000, $20 per share.

Business

1 answer:

irga5000 [103] · Answer 1 · 2022-02-20T17:41:14+03:00

Answer:

B.1,000,000, $18 per share

Explanation:

The computation is shown below:

Given that

Number of shares outstanding = 1 million

The current price per share = $20

And, the dividend received = $2 million dollar

So, the number of shares outstanding is given i.e 1,000,000 shares and the worth is $18 per share that is computed below:

= Current market share - dividend

= $20 - $2

= $18 per share

Chandler Corporation has 1 million shares outstanding. The current price per share is​ $20. If the company decides to pay a​$2 m

Chandler Corporation has 1 million shares outstanding. The current price per share is $20. If the company decides to pay a$2 m