Benson Inc. currently has 150,000 shares of stock outstanding that sell for $80 per share. Assume no market imperfections or tax effects exist.
a) What will the share price and number of shares be after Benson Inc. has a three-for-two stock split? Share price =? $Number of shares oustanding =?
b) What will the share price and number of shares be after Benson Inc. has a 10 percent stock dividend? Share price =? $Number of shares oustanding =?
c) What will the share price and number of shares be after Benson Inc. has a 25 percent stock dividend? Share price =? $Number of shares oustanding =?
d) What will the share price and number of shares be after Benson Inc. has a two-for-five reverse stock split? Share price =? $Number of shares oustanding =?