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25 July, 23:27

Gloria's boutique has 4,000 shares of stock outstanding at a price per share of $19. what will the price per share be if the firm pays a $1.20 per share dividend

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  1. 25 July, 23:32
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    The price per share will be the Ex-dividend price.

    The market price per share = $ 19

    Dividend per share = $ 1.20

    Ex-dividend price per share = $ 19 - $ 1.20 = $ 17.80

    Thus, the price per share = $ 17.80
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