Question

In: Accounting

Corporation offers shares at the following par values:

Common @ $18/par

Preferred @ $33/par

1). Sylvester spends a total of $690 for Common and Preferred shares. He has purchased $360 worth of Common. (A) How many shares has he purchased of Common shares? (B) How many shares of Preferred?

2). After his initial purchases Sylvester purchases 1/4 more of Common and 1/5 more of Preferred. (A)How much more did he spend on the purchases? (B)What is the new total of shares owned?

3). Corporation offers a stock split on Common of 6:1. (A)What is the par value of Sylvester’s Common stock after the split? (B) What is the total value of shares owned by Sylvester?

4.) Sylvester decides to sell ½ of his Common shares and 1/3 of his preferred shares at their perspective share values. (A) How much does he earn total on the sale?

5.) Following the sale of his shares Corporation offers a stock dividend on Common @5/share and on Preferred @$7/share. (A) How much is Sylvester’s total dividend?

Expert Solution

ekkarill92 answered 2 years ago

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Question

Corporation offers shares at the following par values: