fractions means
This query is : Resolved
k suresh babu
(Querist)
15 October 2009
what is mean by fractional shares.
fractional shares get money face value, market value, book value . which is correct.
fractional shares get money face value, market value, book value . which is correct.
K V Subba Rao
(Expert)
15 October 2009
Please check the following link:
https://www.indialawjournal.com/volume2/issue_3/article_by_dennis.html
https://www.indialawjournal.com/volume2/issue_3/article_by_dennis.html
Taranjit Singh
(Expert)
15 October 2009
Less than one share of stock; that is, one-third or one-half a share. Fractional shares are generally created from dividend reinvestment plans or stock dividends. For example, if a firm's directors declare a 2% stock dividend, an owner of 70 shares would be entitled to 1.4 additional shares. Because corporations do not issue certificates including fractional shares, the stockholder would receive one share and the cash equivalent for the fractional share. Fractional shares are credited to dividend reinvestment plans.
Ankur Garg
(Expert)
15 October 2009
AGREE WITH ELABORATION
CA Suresh Choudhary
(Expert)
15 October 2009
Agree with expert
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