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QUESTION
Suppose the stock of Host Hotels Resorts is currently trading for $20 per share. a. If Host issued a 20% stock dividend, what will its new share
Suppose the stock of Host Hotels & Resorts is currently trading for $20 per share.
a. If Host issued a 20% stock dividend, what will its new share price be?
I calculated $16.67 per share
b. If Host does a 3:2 stock split, what will its new share price be?
I calculated $13.33 per share.
c. If Host does a 1:3 reverse split, what will its new share price be?
I calculated $60.00 per share.
