Eurasion Natural Resources Corporation currently has 2.4 million shares outstanding that sell for 5.16 per share. Assuming

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Eurasion Natural Resources Corporation currently has 2.4 million shares outstanding that sell for £5.16 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:

(a) a three-for-two stock split?

(b) an 8 per cent stock dividend?

(c) a 20 per cent stock dividend?

(d) a two-for-three reverse stock split?

Determine the new number of shares outstanding in parts

(a) through (d).

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Fundamentals Of Corporate Finance

ISBN: 9780077178239

3rd Edition

Authors: David Hillier, Iain Clacher, Stephen A. Ross

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