If you wanted to buy Yahoo!, what price would you pay per share? How much would you receive per share if you wanted to sell Yahoo!?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 93.5C
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Read carefully the following scenarios and answer the questions asked in each scenario after analysis:

1. The following quote on Yahoo! stock appeared on April 11, 2016, on Yahoo! Finance(please see attached picture):

If you wanted to buy Yahoo!, what price would you pay per share? How much would you receive per share if you wanted to sell Yahoo!?

YAHOO!
FINANCE
Search Finance
Search Web
Finance Home My Portfolio My Quotes News Market Data Yahoo Originals Business & Finance Personal Finance CNBC Contributors
Enter Symbol
Look Up
Mon, Apr 11, 2016, 8:14pm EDT - US Markets are closed
* Streaming Report an Issue
Dow +0.12% Nasdaq +0.36%
More On YHOO
QUOTES
• Summary
Yahoo! Inc. (YHOO) - NasdagGS * Watchlist
f Like 5.4K
Order Book
36.48 +0.41 (1.14%) 4:00PM EDT
Options
Historical Prices
After Hours : 36.79 t0.31 (0.85%) 7:55PM EDT - Nasdag Real Time Price
CHARTS
Interactive
36.32 - 36.85
Yahoo! Inc.
IYHOO
Prev Close:
36.07
Day's Range:
Apr 11, 4 00pm EDT
NEWS & INFOO
37.0
Open:
36.38
52wk Range:
26.15 - 46.13
Headlines
36.8
Press Releases
Bid:
36.78 x 800
Volume:
13,750,791
36.6
Company Events
Ask:
Avg Vol (3m):
36.79 x 300
17,662,300
36.4
Message Boards
1y Target Est:
38.03
Market Cap:
34.54B
Market Pulse
36.2
COMPANY
Beta:
2.16649
PIE (ttm):
N/A
Vahoot
36.0
10am
12pm
2pm
PrevioLIS Close
4 pm
Profile
Next Earnings Date:
19-Apr-16 E
EPS (tm):
-4.64
Key Statistics
Div & Yield:
N/A (N/A)
1d
5d
1m
3m
6m
1y 2y
5y
max
SEC Filings
Transcribed Image Text:YAHOO! FINANCE Search Finance Search Web Finance Home My Portfolio My Quotes News Market Data Yahoo Originals Business & Finance Personal Finance CNBC Contributors Enter Symbol Look Up Mon, Apr 11, 2016, 8:14pm EDT - US Markets are closed * Streaming Report an Issue Dow +0.12% Nasdaq +0.36% More On YHOO QUOTES • Summary Yahoo! Inc. (YHOO) - NasdagGS * Watchlist f Like 5.4K Order Book 36.48 +0.41 (1.14%) 4:00PM EDT Options Historical Prices After Hours : 36.79 t0.31 (0.85%) 7:55PM EDT - Nasdag Real Time Price CHARTS Interactive 36.32 - 36.85 Yahoo! Inc. IYHOO Prev Close: 36.07 Day's Range: Apr 11, 4 00pm EDT NEWS & INFOO 37.0 Open: 36.38 52wk Range: 26.15 - 46.13 Headlines 36.8 Press Releases Bid: 36.78 x 800 Volume: 13,750,791 36.6 Company Events Ask: Avg Vol (3m): 36.79 x 300 17,662,300 36.4 Message Boards 1y Target Est: 38.03 Market Cap: 34.54B Market Pulse 36.2 COMPANY Beta: 2.16649 PIE (ttm): N/A Vahoot 36.0 10am 12pm 2pm PrevioLIS Close 4 pm Profile Next Earnings Date: 19-Apr-16 E EPS (tm): -4.64 Key Statistics Div & Yield: N/A (N/A) 1d 5d 1m 3m 6m 1y 2y 5y max SEC Filings
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