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:
- BTC has a five-for-three stock split.
- BTC has a 15 percent stock dividend.
- BTC has a 42.0 percent stock dividend.
- BTC has a four-for-seven reverse stock split.
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