Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share. Assuming no market imperfections or tax effects exist, what
Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
BTC has a three for one stock split?
BTC has a 18 percent stock dividend?
BTC has a 51.6 percent stock dividend?
BTC has a three-for-six reverse stock split?
Determine the new number of shares outstanding in parts (1) through (4).
|
| Input Area: | ||||
Shares outstanding | 576,000 | |||||
Stock price | $ 97.00 | |||||
a. | Stock split | 3 | for | 1 | ||
b. | Stock dividend percent | 18.00% | ||||
c. | Stock dividend percent | 51.60% | ||||
d. | Stock split (shares) | 3 | for | 6 | ||
Output Area: | ||||||
a. | Stock split | = | ||||
b. | Stock dividend | = | ||||
c. | Stock dividend | = | ||||
d. | Stock split | = | ||||
e. | a. | New shares outstanding | = | |||
b. | New shares outstanding | = | ||||
c. | New shares outstanding | = | ||||
d. | New shares outstanding | = | ||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started