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Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstanding that sell for $101 per share. Assuming no market imperfections or tax effects exist.
Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstanding that sell for $101 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 10 percent stock dividend. |
Price per share | $ |
Shares outstanding |
(c) | BTC has a 37.5 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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