Question
Bermuda Triangle Corporation (BTC) currently has 350,000 shares of stock outstanding that sell for $98 per share. Assuming no market imperfections or tax effects exist.
Bermuda Triangle Corporation (BTC) currently has 350,000 shares of stock outstanding that sell for $98 per share. Assuming no market imperfections or tax effects exist. Required: Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places (e.g., 32.16) and shares outstanding to the nearest whole number (e.g., 32).):
(a) BTC has a five-for-three stock split.
Price per share $
Shares outstanding
(b) BTC has a 15 percent stock dividend.
Price per share $
Shares outstanding
(c) BTC has a 39.0 percent stock dividend.
Price per share $
Shares outstanding
(d) BTC has a four-for-seven reverse stock split.
Price per share $
Shares outstanding
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The Nurse Managers Guide To Budgeting And Finance
Authors: Al Rundio
2nd Edition
1940446589, 978-1940446585
