Business, 01.07.2020 15:01 culbertchristi6111

Happy Monkey Manufacturing currently has 20,000 shares of common stock outstanding. Its management believes that its current stock price of $90 per share is too high. The company is planning to conduct stock splits in the ratio of 4 for 1 as described in the animation. If Happy Monkey Manufacturing declares a 3-for-l stock split, what will be the price of the company's stock after the split, assuming that the total value of the firm's stock remains the same after the split, will be. Scorecard Athletics Corp. is one of Happy Monkey's leading competitors. Scorecard's market intelligence research team shares Happy Monkey's plans of announcing a stock split, influencing the distribution policy makers. Consequently, executives at Scorecard decide to offer stock dividends to its shareholders. Scorecard currently has 1, 900,000 shares of common stock outstanding. If the firm pays a 6% stock dividend, what will be the total number of shares outstanding after the stock dividend?
a. 2, 215, 400 shares
b. 2, 014,000 shares
c. 1, 812, 600 shares
d. 1, 711, 900 shares

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Happy Monkey Manufacturing currently has 20,000 shares of common stock outstanding. Its management b...

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