Question
Roll Corporation (RC) currently has 505,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what
Roll Corporation (RC) currently has 505,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
a.RC has a four-for-three stock split?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
New share price$
And what is the new shares outstanding? _______________
b.RC has a 20 percent stock dividend?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
New share price$
And what is the new shares outstanding? _______________
c.RC has a 42.5 percent stock dividend?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
New share price$
And what is the new shares outstanding? _______________
d.RC has a three-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$
And what is the new shares outstanding? _______________
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