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Problem 18-3 Splits and Dividends (L01) Shares in Raven Products are selling for $50 per share. There are one million shares outstanding. What will be

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Problem 18-3 Splits and Dividends (L01) Shares in Raven Products are selling for $50 per share. There are one million shares outstanding. What will be the share price in each of the following situations? Ignore taxes. (Round your answers to the nearest cent.) a. The stock splits five-for-four. Price b. The company pays a 23% stock dividend. Price C. The company repurchases 123,000 shares Price

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