Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share....

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Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: 1. BTC has a three for one stock split? 2. BTC has a 18 percent stock dividend? 3. BTC has a 51.6 percent stock dividend? 4. BTC has a three-for-six reverse stock split? 5. Determine the new number of shares outstanding in parts (1) through (4). Download the linked spreadsheet template and use it for your answer. Once complete, upload the template to this question. Don't forget to show your work! a. b. öö a. b. Input Area: Shares outstanding Stock price Stock split Stock dividend percent Stock dividend percent Stock split (shares) Output Area: Stock split Stock dividend Stock dividend C. d. Stock split e. a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding $ 576,000 97.00 3 for 18.00% 51.60% 1 3 for 6 Air Taxi, Inc. currently has 576,000 shares of stock outstanding that sell for $97 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: 1. BTC has a three for one stock split? 2. BTC has a 18 percent stock dividend? 3. BTC has a 51.6 percent stock dividend? 4. BTC has a three-for-six reverse stock split? 5. Determine the new number of shares outstanding in parts (1) through (4). Download the linked spreadsheet template and use it for your answer. Once complete, upload the template to this question. Don't forget to show your work! a. b. öö a. b. Input Area: Shares outstanding Stock price Stock split Stock dividend percent Stock dividend percent Stock split (shares) Output Area: Stock split Stock dividend Stock dividend C. d. Stock split e. a. New shares outstanding b. New shares outstanding c. New shares outstanding d. New shares outstanding $ 576,000 97.00 3 for 18.00% 51.60% 1 3 for 6

Answer rating: 100% (QA)

SOLUTION 1 total value of share before stock split5760009755872000 No of shar... View the full answer