Obsydia Inc.had net income of $100 million last year and 50 million common shares outstanding.They declared an 8% share dividend.Calculate EPS before and after the share dividend.
A) EPS before would be $2; after the dividend, EPS would be $1.85.
B) EPS before would be $0.50; after the dividend, EPS would be $0.46.
C) Since they made $100 million in net income, the EPS cannot change.
D) There is not enough information to make this calculation.
Correct Answer:
Verified
Q64: If a share price increased after a
Q66: Which of the following is a reason
Q67: Makersbury has total cash available of $1
Q68: Odette bought 1000 shares of Oran Co.at
Q70: Dividend payouts have the effect of lowering
Q71: Gemma Jones owns 2000 shares of Haydn
Q72: Gemma Jones owns 2000 shares of Haydn
Q73: If you want to use ordinary shares
Q74: The timing of dividend payments will not
Q76: As a firm's investment opportunities increase, the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents