400,000 shares currently @ 1.00 each par Mike Williams ACC Project 3 Part1- Comp

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400,000 shares currently @ 1.00 each par

Mike Williams ACC Project 3 Part1- Compatibilit File Insert Draw Page Layout Formulas Data Review View Help Tell me what you want Home Cut Calibri General Paste eg) Copy . Format Painter B I »-A . Merge & Center . Clipboard ont Alignment Number H14 The company could issue 500 000 additional shares of $1 par value common stock for $4.15 per share The company will begin paying a dividend to ALL the common shareholders of $0.10 per share and this 43 will continue into the future 45 46 47 48 49 50 51 52 53 54 Cash Received Annual Cash Required number of existing shares number of new shares total shares at year end market price Dividend rate Dividend period PIC year end PIC> par year end 57 58 59 60 61 62 Project Information pctb Asset aquisitions planned dep'n financing options worksheet Ready O Type here to search

Explanation / Answer

Number of existing shares 400000 Number of new shares 500000 Total shares at year end 900000 Market price 4.15 Dividend rate (0.10/1) 10.00% Dividend period Yearly PIC year end PIC > par year end Cash received 500000*4.15 2075000 Annual Cash required 900000*0.10 90000

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