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Q3. (a) Sharpe Corporation (SC) currently has 385,000 shares of stock outstanding that sell for RM 108 per share. Assuming no market imperfections or tax
Q3. (a) Sharpe Corporation (SC) currently has 385,000 shares of stock outstanding that sell for RM 108 per share. Assuming no market imperfections or tax effects exist, what will the share price and shares outstanding be after: (i) SC has a five-for-three stock split? (3 marks) (ii) SC has a 15 percent stock dividend? (3 marks) (iii) SC has a 42.5 percent stock dividend? (3 marks) (iv) SC has a four-for-seven reverse stock split
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