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Suppose the stock of Host Hotels & Resorts is currently trading for $20 per share. Complete the steps below using cell references to given data
Suppose the stock of Host Hotels \& Resorts is currently trading for $20 per share. Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. a. If Host issued a 20% stock dividend, what will its new share price be? b. If Host does a 3:2 stock split, what will its new share price be? c. If Host does a 1:3 reverse split, what will its new share price be? Old stock price a. If Host issued a 20% stock dividend, what will its new share price be? b. If Host does a 3:2 stock split, what will its new share price be? c. If Host does a 1:3 reverse split, what will its new share price be? Requirements 1. Start Excel - completed. 2. In cell D15, by using cell references, calculate the company's share price after issuing a stock dividend (1 pt.). 3. In cell D21, by using cell references, calculate the company's share price after the stock split (1 pt.). 4. In cell D27, by using cell references, calculate the company's share price after the reverse stock split (1 pt.). 5. Save the workbook. Close the workbook and then exit Excel. Submit the workbook as directed
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