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Stock Splits and Stock Dividends Bermuda Triangle Corporation (BTC) currently has 400,000 shares of stock outstanding that sell for $92 per share. Assuming no market
Stock Splits and Stock Dividends Bermuda Triangle Corporation (BTC) currently has 400,000 shares of stock outstanding that sell for $92 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: Required: a. BTC has a five-for-three stock split? The share price would be $ _______ (Round your answer to 2 decimal places. Omit the "$" sign in your response.) b. BTC has a 15 percent stock dividend? The share price would be $_________(Round your answer to 2 decimal places. Omit the "$" sign in your response.) c. BTC has a 42.5 percent stock dividend? The share price would be $__________ (Round your answer to 2 decimal places. Omit the "$" sign in your response.) d. BTC has a four-for-seven reverse stock split? The share price would be $__________ (Round your answer to 2 decimal places. Omit the "$" sign in your response.) e. The new number of shares outstanding in parts (a), (b), (c), and (d) is _______ , ________ , _______ , and _________ , respectively. (Round your answers to the nearest whole number.)
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