Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bermuda Triangle Corporation (BTC) currently has 560,000 shares of stock outstanding that sell for $89 per share. Assuming no market imperfections or tax effects exist.

Bermuda Triangle Corporation (BTC) currently has 560,000 shares of stock outstanding that sell for $89 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 11 percent stock dividend.
Price per share $
Shares outstanding
(c) BTC has a 41.5 percent stock dividend.
Price per share $
Shares outstanding
(d) BTC has a four-for-seven reverse stock split.
Price per share $
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

The Complete Guide To Property Finance

Authors: Richard W J Brown

1st Edition

1739832027, 978-1739832025

More Books

Students also viewed these Finance questions