EBK INVESTMENTS
11th Edition
ISBN: 9781259357480
Author: Bodie
Publisher: MCGRAW HILL BOOK COMPANY
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Chapter 12, Problem 21PS
Summary Introduction
To determine: The TRIN statistics for 1 day
Introduction: TRIN is the trading index or arms Index. It is usually calculated as the ratio of number of issues in advances with the number of declining issues. The index is a simple moving average.
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Using the information for The Great Cookie Company presented in the table below, determine the following:
Highest price paid for a share of stock in the last 12 months.
The last price paid for a share of stock on this trading day.
Lowest price paid for a share of the stock in the last 12 months.
Additional Resources
Year-to-Date % Change
14.62%
EPS
$1.13
52-Week Hi
$40.20
PE Ratio
31.07
52-Week Lo
$28.44
Volume
2,810,000
Dividend
$0.88
Close Price
$35.11
Yield Percentage
2.51%
Net Change
1.07
1. Highest price paid:
$
2. Last price paid:
$
3. Lowest price paid:
$
The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows.
Note: The market value per share of the common stock is $38, and the market value per share of the preferred stock is $18.
Required
What is the par value per share of the preferred stock?
What is the dividend per share on the preferred stock?
What is the number of common stock shares outstanding?
What was the average issue price per share (price for which the stock was issued) of the common stock?
If Mann Equipment Company declared a 2-for-1 stock split on the common stock, how many shares would be outstanding after the split? What amount would be transferred from the Retained Earnings account because of the stock split? Theoretically, what would be the market price of the common stock immediately after the stock split?
Stockholders’ Equity
Paid-in capital
Preferred stock, ? par value, 5% cumulative,
160,000 shares…
1. How many shares should the company have outstanding in 2012 if its earnings available for common stockholders in that year are $1,200,000 and it pays a dividend of $2.00, given that its desired payout ratio is 40%?2. How many shares would Harte have to repurchase to have the level of shares outstanding calculated in no.6?
Chapter 12 Solutions
EBK INVESTMENTS
Ch. 12 - Prob. 1PSCh. 12 - Prob. 2PSCh. 12 - Prob. 3PSCh. 12 - Prob. 4PSCh. 12 - Prob. 5PSCh. 12 - Prob. 6PSCh. 12 - Prob. 7PSCh. 12 - Prob. 8PSCh. 12 - Prob. 9PSCh. 12 - Prob. 10PS
Ch. 12 - Prob. 11PSCh. 12 - Prob. 12PSCh. 12 - Prob. 13PSCh. 12 - Prob. 14PSCh. 12 - Prob. 15PSCh. 12 - Prob. 16PSCh. 12 - Prob. 17PSCh. 12 - Prob. 18PSCh. 12 - Prob. 19PSCh. 12 - Prob. 20PSCh. 12 - Prob. 21PSCh. 12 - Prob. 22PSCh. 12 - Prob. 23PSCh. 12 - Prob. 24PSCh. 12 - Prob. 25PSCh. 12 - Prob. 1CPCh. 12 - Prob. 2CPCh. 12 - Prob. 3CPCh. 12 - Prob. 4CPCh. 12 - Prob. 5CP
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