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Wednesday Corp. (WC) currently has 910,000 shares of stock outstanding that sell for $85 per share. For each of the scenarios below, determine the new
Wednesday Corp. (WC) currently has 910,000 shares of stock outstanding that sell for $85 per share. For each of the scenarios below, determine the new share price and the new number of outstanding shares. Assume no market imperfections or tax effects.
- WC has a three-for-one stock split.
- WC has a 62 percent stock dividend.
- WC has an eight-for-five stock split.
- WC has a 19.8 percent stock dividend.
- WC has a three-for-seven reverse stock split.
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