PROBLEM:

Chaney's Fatburner Gyms, Inc. operates a chain of exercise facilities throughout the Midwest. The firm appeals to middle-aged men who suffer from obesity problems and want to improve their health by entering an exercise program. The firm currently has 8,300,000 shares of stock outstanding that have a current market price of $10.74. If all else remains constant, what will be the price of Chaney's shares after each of the following?

a.A stock dividend of 21.7 percent.

b.A two-for-one stock split.

c.A stock dividend of 34.3 percent.

d.What would be the total number of shares outstanding after a through c?

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QUESTIONS:

A.The price of Chaney's shares after a stock dividend of 21.7% will be $(?). (Round to the nearest cent.)

B.The price of Chaney's shares after a two-for-one stock split will be $(?). (Round to the nearest cent.)

C. The price of Chaney's shares after a stock dividend of 34.3% will be $(?). (Round to the nearest cent.)

D.The total number of shares outstanding after the stock dividend of 21.7% is (?) shares. (Round to the nearest integer.)

The total number of shares outstanding after the two-for-one stock split is (?) shares. (Round to the nearest integer.)

The total number of shares outstanding after the stock dividend of 34.3% is (?) shares. (Round to the nearest integer.)