) Rock & Roll Corporation (RRC) currently has 400,000 shares of stock outstanding that sell for $90 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:

i) RRC has a five-for-three stock split? (2 marks)

ii) RRC has a 15% stock dividend? (2 marks)

iii) RRC has a 42.5% stock dividend? (2 marks)

iv) RRC has a four-for-seven reverse stock split? (2 marks)

v) Determine the new number of shares outstanding in part (i) through (iv) (8 marks)