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*** NO STEPS ARE REQUIRED. JUST THE ANSWERS ** Velor Inc. currently has 170,000 shares of stock outstanding that sell for $150 per share. Assume
*** NO STEPS ARE REQUIRED. JUST THE ANSWERS **
Velor Inc. currently has 170,000 shares of stock outstanding that sell for $150 per share. Assume no market imperfections or tax effects exist. a) What will the share price and number of shares be after Velor Inc. has a five-for-two stock split? b) What will the share price and number of shares be after Velor Inc. has a 25 percent stock dividend? c) What will the share price and number of shares be after Velor Inc. has a 30 percent stock dividend? d) What will the share price and number of shares be after Velor Inc. has a two-for-five reverse stock split? Shares in Weber Inc. are selling for $50 per share. There are 1 million shares outstanding. What will be the share price in each of the following situations? Ignore taxes. a) The stock splits 6-for-3. b) The company pays a 15 percent stock dividend. c) The company repurchases 120,000 sharesStep by Step Solution
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