Question
Roll Corporation (RC) currently has 435,000 shares of stock outstanding that sell for $60 per share. Assuming no market imperfections or tax effects exist, what
Roll Corporation (RC) currently has 435,000 shares of stock outstanding that sell for $60 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: |
a. | RC has a five-for-three stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
New share price | $ |
b. | RC has a 15 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
New share price | $ |
c. | RC has a 44.5 percent stock dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
New share price | $ |
d. | RC has a four-for-seven reverse stock split? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
New share price | $ |
e. | Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations. Round your answer to the nearest whole number (e.g., 32).) |
a. | New shares outstanding | |
b. | New shares outstanding | |
c. | New shares outstanding | |
d. | New shares outstanding | |
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