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Problem 4 (12 marks) Blue Bay Corporation (BBC) currently has 1,200,000 shares outstanding. The market price is $98. What will the new number of shares
Problem 4 (12 marks) Blue Bay Corporation (BBC) currently has 1,200,000 shares outstanding. The market price is $98. What will the new number of shares and share price be after: a) BBC has a 4 for 1 stock split? (4 marks) b) BBC has a 15% stock dividend? (4 marks) c) BBC has a 1 for 4 reverse split? (4 marks) Step by Step Solution
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
