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Bermuda Triangle Corporation (BTC) currently has 500,000 shares of stock outstanding that sell for $83 per share. Assuming no market imperfections or tax effects exist.
| Required: |
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Determine the share price and new number of shares outstanding if(Do not include the dollar signs ($). Round your price per share answers to 2 decimal places (e.g., 32.16) and other answers to the nearest whole number (e.g., 32)):
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| (a) |
BTC has a five-for-three stock split. |
| Price per share |
$ |
| Shares outstanding |
|
| (b) |
BTC has a 15 percent stock dividend. |
| Price per share |
$ |
| Shares outstanding |
|
| (c) |
BTC has a 42.5 percent stock dividend. |
| Price per share |
$ |
| Shares outstanding |
|
| (d) |
BTC has a four-for-seven reverse stock split. |
| Price per share |
$ |
| Shares outstanding |
|
