Stock split-stock dividend-reverse stock split


Question: Bermuda Triangle Corporation (BTC) currently has 400,000 shares of stock outstanding that sell for $90.00 per share. Assuming no market imperfections or tax effects exit, what will the share price be after:

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

B. BTC has a 15 percent stock dividend?

C. BTC has 42.5 percent stock dividend?

D. BTC has a four-for-seven split?

E. Determine the new number of shares outstanding in parts A-D.

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Stock split-stock dividend-reverse stock split
Reference No:- TGS01900967

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)