ejercicios dividendos

7/21/2019 Ejercicios dividendos

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Payout(distribui

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Dividendos

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Dividend Policy

1. What options does a frm have to spend its ree cash ow (ater it

has satisfed all interest obligations)?

. !"# #orporation anno$nced that it will pay a dividend to all

shareholders o record as o %onday& !pril '& . *t ta+es three

b$siness days o a p$rchase or the new owners o a share o stoc+ to

be registered

a. When is the last day an investor can p$rchase !"# stoc+ and

still get the dividend payment?

El precio de la accin es afectado hasta un da antes de la compra

(3!3)"

b. When is the e,-dividend day?E#$dividend date % payment day & business days of stoc' to be

reistered % 3!3

*or sales before this date+ the dividend belons to the ne, o,ner- for

sales on or after the date+ the seller is entitled to the dividend"

'. /# #orp. has anno$nced a 01 dividend. * /#s price last price

c$m-dividend is 02& what sho$ld its frst e,-dividend price be

(ass$ming perect capital mar+ets)?

price cum$dividend % ultimo da previo al e#$dividend date

Price e#$dividend % .$%/0

3. 456 #ompany has a mar+et capitali7ation o 01 billion and million

shares o$tstanding. *t plans to distrib$te 01 million thro$gh an

open mar+et rep$rchase. !ss$ming perect capital mar+ets8


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a. What will the price per share o 456 be right beore the

rep$rchase?

12 ! 4 % + 1 ! 5 1 % PREC64 P4R 7CC648 789E DE :7

REC41PR7 % ;.

b. 6ow many shares will be rep$rchased?Distribute ; 1 ! PREC64 7CC648 % ; 1 ! . % 51

c. What will the price per share o 456 be right ater the

rep$rchase?(12 & REP D!E % 5!3

Para b> D!E % 5!5.

Para c> D!E % 5!5.

.


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>. =he 6


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P=20

1

3

=20x3=60x accin

ejercicios dividendos

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