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(Stock splits and stock dividends) Chaney's Fatburner Gyms, Inc. operates a chain of exercise facilities throughout the Midwest. The firm appeals to middle-aged men who
(Stock splits and stock dividends) Chaney's Fatburner Gyms, Inc. operates a chain of exercise facilities throughout the Midwest. The firm appeals to middle-aged men who suffer from obesity problems and want to improve their health by entering an exercise program. The firm currently has 8,000,000 shares of stock outstanding that have a current market price of $12.00. If all else remains constant, what will be the price of Chaney's shares after each of the following? a. A stock dividend of 20.0 percent. b. A four-for-one stock split. c. A stock dividend of 32.5 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 20.0% will be $. (Round to the nearest cent.) b. The price of Chaney's shares after a four-for-one stock split will be $ (Round to the nearest cent.) c. The price of Chaney's shares after a stock dividend of 32.5% will be $. (Round to the nearest cent.) d. The total number of shares outstanding after the stock dividend of 20.0% is shares. (Round to the nearest integer.) The total number of shares outstanding after the four-for-one stock split is shares. (Round to the nearest integer.) The total number of shares outstanding after the stock dividend of 32.5% is shares. (Round to the nearest integer.)
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