Question
Mill Creek Corporation (MCC) currently has 430,000 shares of stock outstanding that sell for $50 per share. Assuming no market imperfections or tax effects exist,
Mill Creek Corporation (MCC) currently has 430,000 shares of stock outstanding that sell for $50 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: |
a. | MCC has a 4-for-3 stock split? |
New share price | $ per share |
b. | MCC has a 10 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16)) |
New share price | $ per share |
c. | MCC has a 43.5 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16)) |
New share price | $ per share |
d. | MCC has a 3-for-7 reverse stock split? |
New share price | $ per share |
Determine the new number of shares outstanding in parts (a) through (d). (Round your answers to the nearest whole number. (e.g., 32)) |
a. New shares outstanding | |
b. New shares outstanding | |
c. New shares outstanding | |
d. New shares outstanding | |
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