Lakehead Robotics trades at $84.00 with 6,000,000 shares outstanding and announces a 3-for-1 split. Separately, an investor holds 1,000 shares of a company that pays a 5 % stock dividend. Fill the worksheet: the post-split price to the cent, the post-split share count, the market value after the split in dollars, and the investor’s shares after the stock dividend.
Lakehead Robotics trades at $84.00 with 6,000,000 shares outstanding and announces a 3-for-1 split. Separately, an investor holds 1,000 shares of a company that pays a 5 % stock dividend. Fill the worksheet: the post-split price to the cent, the post-split share count, the market value after the split in dollars, and the investor’s shares after the stock dividend.
Answer
Post-split price → 28 · Post-split shares → 18000000 · Market value after the split → 504000000 · Shares after a 5 % stock dividend → 1050
Cells - Post-split price · ±0.01 · unit $ - Post-split shares · ±0 - Market value after the split · ±1 · unit $ - Shares after a 5 % stock dividend · ±0 `=84*1/3` = 28.00; `=6000000*3/1` = 18,000,000; `=28*18000000` = 504,000,000 — the same as 84 × 6,000,000 before; `=1000*(1+0.05)` = 1,050. More slices, same pizza.
OpenStax, Introduction to Business (CC BY 4.0) §16.5 — shareholder-rights and stock-dividend shape only; Bigel, Introduction to Financial Analysis (CC BY 4.0) §7.3 — payout/retention; CBCA s. 28 — pre-emptive right only where the articles provide (verified-facts §2.8 I02, CONFIRMED 2026-09-17); CCMA / TSX Company Manual — ex-date = record date under T+1 since 2024-05-27 (I03, CONFIRMED); original company and figures