question archive 1) To remodel your business, you need to sign a 190-day note with proceeds of $16,559
1) To remodel your business, you need to sign a 190-day note with proceeds of $16,559
Subject:FinancePrice: Bought3
1) To remodel your business, you need to sign a 190-day note with proceeds of $16,559.57 and a
maturity value of $20,000. Find the APR.
2) Dipsy Corp. recently completed a 2-for-1 stock split. Before the split,
the company had 10,000,000 shares outstanding and its stock price was P150 per share. After the split, the total market value of the company's stock equaled P1.5 billion. The total share capital balance of Dipsy Corp. is P350,000,000.
1)What was the price of the company's stock following the stock split?
2)Determine the new par value of each shares.
