Problem 14-6 Stock Splits and Stock Dividends [LO 3]

Bermuda Triangle Corporation (BTC) currently has 420,000 shares of stock outstanding that sell for $94 per share. Assume no market imperfections or tax effects exist.

Required:
Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places (e.g., 32.16) and shares outstanding to the nearest whole number (e.g., 32).):
(a)	BTC has a five-for-three stock split.

Price per share	$
Shares outstanding

(b)	BTC has a 15 percent stock dividend.

Price per share	$
Shares outstanding

(c)	BTC has a 42.5 percent stock dividend.

Price per share	$
Shares outstanding

(d)	BTC has a four-for-seven reverse stock split.

Price per share	$
Shares outstanding