Bermuda triangle corporation btc currently has 340000, Ask an Expert

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Bermuda Triangle Corporation (BTC) currently has 340,000 shares of stock outstanding that sell for $97 per share. Assume no market imperfections or tax effects exist.

Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.)

a. BTC has a five-for-three stock split.

Price per share $

Shares outstanding

b. BTC has a 14 percent stock dividend.

Price per share $

Shares outstanding

c. BTC has a 39.5 percent stock dividend.

Price per share $

Shares outstanding

d. BTC has a four-for-seven reverse stock split.

Price per share $

Shares outstanding

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92767373

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