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Roll Corporation (RC) currently has 515,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax effects exist, what
Roll Corporation (RC) currently has 515,000 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. | RC has a five-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 44.5 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 2-for-7 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 answers 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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