mpany declares a one-for-five reverse stock split. How many shares are outstanding now? What is the new par value per share? 6. Stock Splits and Stock Dividends Bermuda Triangle Corporation (BTC) currently has 395,000 shares of stock outstanding that sell for $83 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: BTC has a five-for-three stock split? a. b. BTC has a 15 percent stock dividend? BTC has a 42.5 percent stock dividend? c. BTC has a four-for-seven reverse stock split? d. Determine the new number of shares outstanding in parts (a) through (d). e. 7. Regular Dividends The balance sheet for Tempest, Inc., is shown here in market value terms. There are 19,000 shares of stock outstanding