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(Stock splits and stock dividends) Chaney's Fatburner Gyms, Inc. operates a chain of exercise facilities throughout the Midv NBAT QUESTION als to middle-aged men who
(Stock splits and stock dividends) Chaney's Fatburner Gyms, Inc. operates a chain of exercise facilities throughout the Midv NBAT QUESTION als to middle-aged men who suffer from obesity problems and want to improve their health by entering an exercise program. The firm currently has 8,400,000 shares of stock outstanding that have a current market price of $10.78. If all else remains constant, what will be the price of Chaney's shares after each of the following? a. A stock dividend of 19.5 percent b. A four-for-one stock split. c. A stock dividend of 33.1 percent. d. What would be the total number of shares outstanding after a through c? a. The price of Chaney's shares after a stock dividend of 19.5% will be $ 9.02. (Round to the nearest cent.) b. The price of Chaney's shares after a four-for-one stock split will be $ 2.70. (Round to the nearest cent.) c. The price of Chaney's shares after a stock dividend of 33.1% will be $ 8.10. (Round to the nearest cent.) d. The total number of shares outstanding after the stock dividend of 19.5% is 10080000 shares. (Round to the nearest integer.)
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