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Bernies Burgers (BB)currently has 420,000 shares of stock outstanding that sell for $94 per share. Assuming no market imperfections or tax effects exist, what will
Bernies Burgers (BB)currently has 420,000 shares of stock outstanding that sell for $94 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: BB has a three-for-five reverse stock split? BB has a 8 percent stock dividend? BB has a 30.5 percent stock dividend? BB has a seven-for-four stock split? Determine the new number of shares outstanding in parts (a) through (d).
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