UCONN Group has the following items in its current balance
sheet:
Common Stock 5,000,000 shares authorized, 1,200,000 issued.
$6,000,000
Capital Surplus $3,600,000
Treasury Stock on Common 100,000 shares $1,320,000
Cumulative Preferred Stock 17,000,000 authorized {8%} $2 par
$12,000,000
Retained Earnings $30,180,000
1.) If UCONN Group were to provide for a 10% common stock
dividend, then how many new shares are to be mailed to existing
shareholders?
2.) Assume in question [8] the market price of the common stock
was $20...