Question
Mill Creek Corporation (MCC) currently has (445,000) shares of stock outstanding that sell for ($80) per share. Assuming no market imperfections or tax effects exist,
Mill Creek Corporation (MCC) currently has (445,000) shares of stock outstanding that sell for ($80) per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
a. MCC has a five-for-three stock split? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
New share price $ per share
b. MCC has a 25% stock dividend? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
New share price $ per share
c. MCC has a 46.5% stock dividend? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
New share price $ per share
d. MCC has a three-for-seven reverse stock split? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
New share price $ per share
Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations. Round the final answers to the nearest whole number.)
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a. New shares outstanding | |
b. New shares outstanding | |
c. New shares outstanding | |
d. New shares outstanding | |
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