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Red Rocks Corporation (RRC) currently has 425,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist,

Red Rocks Corporation (RRC) currently has 425,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:

a.

RRC has a five-for-three stock split?

New share price $

b.

RRC has a 15 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16))

New share price $

c.

RRC has a 42.5 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16))

New share price $

d.

RRC has a four-for-seven reverse stock split?

New share price $

Determine the new number of shares outstanding in parts (a) through (d).

a. New shares outstanding
b. New shares outstanding
c. New shares outstanding
d. New shares outstanding

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