Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i have added the original work book question and the excel modified numbers in the templet, in excel can you show me how each answer
i have added the original work book question and the excel modified numbers in the templet, in excel can you show me how each answer was done in each cell by referencing, very much appreciated.
16-8. (Calculating share price after stock splits and stock dividends) Chaney's Fatburner Gyms, Inc., operates a chain of exercise facilities throughout the Midwest. The firm ap- peals to middle-aged men who suffer from obesity problems and want to improve their health by entering an exercise program. The firm has 8,000,000 shares of stock out- standing that have a current market price of $12. If all else remains constant, what will be the price of Chaney's shares after each of the following? G M N 0 P16-8 (skip part d) - skipparta Change the current number of shares outstanding from 1,000,000 to 12.000.000 Change the current market share price from $1 to $20 Hint: Remember, the firm value does not change with stock dividends and stock splits Current of shares Current share price Firm value 9 10 a. Stock dividend New of shares New Share price b. #shares ar 4.1 split Share price ter split 22 3 14 15 15 12 18 19 20 21 22 23 - Stock dividend Now of shares New Share price Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started