Evenglade Corp Has 1,000 Shares Outstanding Priced at $10 a Share.The

question 13

Multiple Choice

Evenglade Corp has 1,000 shares outstanding priced at $10 a share.The company is unsure whether to pay out $1 a share as a dividend or to use the money to repurchase stock.If it pays a dividend,what happens to the stock price? If it repurchases,how many shares will remain and at what price?

• A) After the dividend payment stock price falls to $9. If Evenglade repurchases, 900 shares remain and the share price falls to $9.
• B) After the dividend payment stock price falls to $9. If Evenglade repurchases, 800 shares remain and the share price stays at $10.
• C) After the dividend payment stock price falls to $9. If Evenglade repurchases, 900 shares remain and the share price stays at $10.
• D) After the dividend payment stock price stays at $10. If Evenglade repurchases, 900 shares remain and the share price rises to $11.11.

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Definitions:

Mexican Workers

Individuals from Mexico who are engaged in employment, either within Mexico or abroad, encompassing a wide range of industries and skill levels.

Human Resources Manager

A professional responsible for overseeing the recruitment, training, and welfare of the company's employees, and managing aspects related to employment law and organizational policies.

Policy Formulation

The development of strategies and guidelines to address specific issues within an organization or a government.

Implementation

The process of putting plans, policies, or systems into action or effect within an organization or structure.