Us parcel inc has 6600 shares of stock outstanding and a, Ask an Expert

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US Parcel Inc has 6600 shares of stock outstanding and a current stock price of $16.00 per share. The company has no debt. The company is currently short on cash and announces that instead of a cash dividend they will pay the following stock dividend to all shareholders: one new share of stock for each 9 shares held. What will the new price per share if US Parcel be after the stock dividend goes into effect.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92721011

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