Bermuda Triangle Corporation (BTC) currently has 465,000 shares of stock outstanding that sell for $86 per share.
Question:
Bermuda Triangle Corporation (BTC) currently has 465,000 shares of stock outstanding that sell for $86 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:
a. BTC has a five-for-three stock split?
b. BTC has a 15 percent stock dividend?
c. BTC has a 42.5 percent stock dividend?
d. BTC has a four-for-seven reverse stock split?
e. Determine the new number of shares outstanding in parts (a) through (d).
CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1259277214
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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