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Red Rocks Corporation (RRC) currently has 455,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax effects exist,
Red Rocks Corporation (RRC) currently has 455,000 shares of stock outstanding that sell for $40 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? New share price $ c. RRC has a 48.5 percent stock dividend? New share price $ d. RRC has a three-for-seven reverse stock split? New share price $ Determine the new number of shares outstanding in parts through (d). a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding
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