Bermuda Triangle Corporation (BTC) currently has 560,000 shares of stock outstanding that sell for $89...
90.2K
Verified Solution
Link Copied!
Question
Accounting
| Bermuda Triangle Corporation (BTC) currently has 560,000 shares of stock outstanding that sell for $89 per share. Assuming no market imperfections or tax effects exist. |
| Required: | |
| 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 to the nearest whole number (e.g., 32).): | |
| (a) | BTC has a five-for-three stock split. |
| Price per share | $ |
| Shares outstanding |
| (b) | BTC has a 11 percent stock dividend. |
| Price per share | $ |
| Shares outstanding |
| (c) | BTC has a 41.5 percent stock dividend. |
| Price per share | $ |
| Shares outstanding |
| (d) | BTC has a four-for-seven reverse stock split. |
| Price per share | $ |
| Shares outstanding |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.