Bermuda Triangle Corporation (BTC) currently has 550,000

jagguarpaw January 11, 2017 0 Comments

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Question: Bermuda Triangle Corporation (BTC) currently has 5…

Bermuda Triangle Corporation (BTC) currently has 550,000 shares of stock outstanding that sell for $88 per share. Assume no market imperfections or tax effects exist.

Determine the share price and new number of shares outstanding if:

  1. BTC has a five-for-three stock split.
  2. BTC has a 15 percent stock dividend.
  3. BTC has a 42.0 percent stock dividend.
  4. BTC has a four-for-seven reverse stock split.