Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions