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a) Zebra Corporation currently has 2,500,000 shares of stock outstanding that sell for RM45 per share. Assuming no market imperfections or tax effects exist, determine
a) Zebra Corporation currently has 2,500,000 shares of stock outstanding that sell for RM45 per share.
Assuming no market imperfections or tax effects exist, determine the share price be after:
(i) Zebra has a six-for-two stock split. (2 marks)
(ii) Zebra has a 17% stock dividend. (2 marks)
(iii) Zebra has a 35% stock dividend. (2 marks)
(iv) Zebra has a four-for-seven reverse stock split. (2 marks)
(v) Determine the new number of shares outstanding in part (i) through (iv). (4 marks)
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