Question: Roll Corp RC currently has 260 000 shares of stock outstanding

Roll Corp. (RC) currently has 260,000 shares of stock outstanding that sell for $78 per share. Assuming no market imperfections or tax effects exist, what will the share price be after
a. RC has a five-for-three stock split?
b. RC has a 15 percent stock dividend?
c. RC has a 42.5 percent stock dividend?
d. RC has a four-for-seven reverse stock split?
Determine the new number of shares outstanding in (a) through (d).

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  • CreatedJune 17, 2015
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