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Milk Corporation currently has 2,500,000 shares of stock outstanding that sell for RM55 per share. Assuming no market imperfections or tax effects exist, determine the
Milk Corporation currently has 2,500,000 shares of stock outstanding that sell for RM55 per share. Assuming no market imperfections or tax effects exist, determine the share price be after: (i) Milk has a six-for-two stock split. (ii) Milk has a 17% stock dividend. (iii) Milk has a 35% stock dividend. (iv) Milk has a four-for-seven reverse stock split. (v) Determine the new number of shares outstanding in part (i) through (iv).
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