Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstanding that sell for $101 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.) a. BTC has a five-for-three stock split. b. BTC has a 10 percent stock dividend. c. BTC has a 37.5 percent stock dividend. d. BTC has a four-for-seven reverse stock split. a. Price per share Shares outstanding b. Price per share Shares outstanding C. Price per share Shares outstanding d. Price per share Shares outstanding
Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstanding that sell for $101 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.) a. BTC has a five-for-three stock split. b. BTC has a 10 percent stock dividend. c. BTC has a 37.5 percent stock dividend. d. BTC has a four-for-seven reverse stock split. a. Price per share Shares outstanding b. Price per share Shares outstanding C. Price per share Shares outstanding d. Price per share Shares outstanding
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstanding
that sell for $101 per share. Assume no market imperfections or tax effects exist.
Determine the share price and new number of shares outstanding if: (Do not round
intermediate calculations. Round your price per share answers to 2 decimal places,
e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.)
a. BTC has a five-for-three stock split.
b. BTC has a 10 percent stock dividend.
c. BTC has a 37.5 percent stock dividend.
d. BTC has a four-for-seven reverse stock split.
a.
Price per share
Shares outstanding
b.
Price per share
Shares outstanding
C.
Price per share
Shares outstanding
d. Price per share
Shares outstanding
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