Posted by: Pdfprep
Post Date: April 24, 2021
CORRECT TEXT
The ex div share price of a company’s shares is $2.20.
An investor in the company currently holds 1,000 shares.
The company plans to issue a scrip dividend of 1 new share for every 10 shares currently held.
After the scrip dividend, what will be the total wealth of the shareholder?
Give your answer to the nearest whole $.
$ ? .
Answer: 2200
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