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Bermuda Triangle Corporation (BTC) currently has 360,000 shares of stock outstanding that sell for $99 per share. Assuming no market imperfections or tax effects exist.
Bermuda Triangle Corporation (BTC) currently has 360,000 shares of stock outstanding that sell for $99 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).)
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