Solutions to Chapter 1 - San Francisco State University

Price per share falls to: $1,000,000/20,200 = $49.50 The investor will end up with 101 shares worth: 101 ( $49.50 = $5,000 The value of the position is the same as under the cash dividend or repurchase, but the allocation between shares and cash differs. ................
................

In order to avoid copyright disputes, this page is only a partial summary.