Suppose that you own 2,500 shares of Nocash Corp.

QUESTION

Suppose that you own 2,500 shares of Nocash Corp. and the company is about to pay 25% stock dividend. The stock currently sells at $100 per share. What will be the total value of your equity position after the stock dividend is paid? (Do not round intermediate calculations.)

ANSWER

CLICK HERE TO GET AN EXPERT SOLUTION TO THE QUESTION