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help plz Red Rocks Corporation (RRC) currently has 515,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax
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Red Rocks Corporation (RRC) currently has 515,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. RRC has a five-for-three stock split? (Round your answer to 2 decimal places. (e.g., 32.16)) New share price $ b. RRC has a 15 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16 New share price $ c. RRC has a 44.5 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16)) New share price $ d. RRC has a two-for-seven reverse stock split? (Round your answer to 2 decimal places. (e.g., 32.16)) New share price $ Determine the new number of shares outstanding in parts (a) through (d). a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstandingStep by Step Solution
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