B. Blackwell Limited issued 8,500,000 shares of stock. Currently, the shares are being traded at a market price of $10per share. If all else remains constant:a) i. What will be the price of Blackwell's shares after a 10% stock dividend?ii. What will be the new number of shares outstanding?b) i. What will be the price of Blackwell's shares after a 3 for 1 stock split? [ii. What will be the new number of shares outstanding?c) Explain what is a stock dividend, and how is it similar to a stock split.

As per the information provided: Shares issued - 8,500,000 Market price - $10 per share

Answered: B. Blackwell Limited issued 8,500,000…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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