This Question: 1 pt 5 of 15 (0 complete) This Test: 15 pts possible Central Perk

Question

This Question: 1 pt 5 of 15 (0 complete) This Test: 15 pts possible Central Perk Coffee Co. trades for $0.85 per share and had 100M shares outstanding, It announces that R will execute a reverse-split on a 1 basis. What price will the stock trade for after the split? -4 O A $0.15 O B. $2.40 O C. $1.06 O D. $340 O E. $0.85 This Question: 1 pt 60115 (0 complete) ? This Which of the following is not one of the three types of dividends that a corporation can pay its owners? 0 A. Regular Cash Dividend ? B. Extra (Special) Dividend C. Stock Dividend D. Fixed Price Share Dividend

Explanation / Answer

Correct option is > D. $3.40

Reverse split = 1 share for 4 share held = 4 x $0.85 = $3.40

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Correct option is > D. Fixed Price Share Dividend

There is no such Fixed Price Share Dividend

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