After the market close on may 11 2001 adaptec inc, Ask an Expert

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After the market close on May? 11, 2001,? Adaptec, Inc., distributed a dividend of shares of the stock of its software? division, Roxio, Inc. Each Adaptec shareholder received 0.160 share of Roxio stock per share of Adaptec stock owned. At the? time, Adaptec stock was trading at a price of $ 10.55 per share? (cum-dividend), and? Roxio's share price was $ 14.23 per share. In a perfect? market, what would? Adaptec's ex-dividend share price be after this? transaction?

The? ex-dividend share price would be ?$nothing per share. ?(Round to the nearest? cent.)

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Financial Management, Finance

Category:- Financial Management
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