value: 4.16 points Roll Corporation (RC) currently has 460,000 shares of stock outstanding that sell...

70.2K

Verified Solution

Question

Finance

image

value: 4.16 points Roll Corporation (RC) currently has 460,000 shares of stock outstanding that sell for $50 per share Assuming no market imperfections or tax effects exist, what will the share price be after: a. RC has a four-for-three stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price b. RC has a 20 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price c. RC has a 49.5 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New share price d. RC has a 3-for-7 reverse stock split? (Do not round intermediate calculations and round youn answer to 2 decimal places, e.g., 32.16.) New share price e. Determine the new number of shares outstanding in parts (a) through (d). (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) a. New shares outstanding b. New shares outstanding C. New shares outstanding d. New shares outstanding References eRook & ResourCES

Answer & Explanation Solved by verified expert
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!
Become a Member

Other questions asked by students