Response to the following problem:
Roll Corporation (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:
RC has a five-for-three stock split?
RC has a 15 percent stock dividend?
RC has a 42.5 percent stock dividend?
RC has a four-for-seven reverse stock split?
Determine the new number of shares outstanding in parts (a) through (d).