Question
Roll Corporation (RC) currently has 500,000 shares of stock outstanding that sell for $70 per share. Assuming no market imperfections or tax effects exist, what
Roll Corporation (RC) currently has 500,000 shares of stock outstanding that sell for $70 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. RC has a four-for-three stock split? (Do not round intermediate calculations and 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 and round your answer to 2 decimal places, e.g., 32.16.) New share price $ c. RC has a 41.5 percent stock dividend? (Do not round intermediate calculations and 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 and 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 and 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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