Roll Corporation (RC) currently has 159,000 shares of stock outstanding that sell for $56 per share. Assume no market imperfections or tax effects exist.
Determine the share price and new number of shares outstanding if. Round your price per share to 2 decimal places. (e.g., 32.16) and other values to the nearest whole dollar amount. (e.g., 32)):
(a) RC has a five-for-one stock split.
Price per share: $__________
Shares outstanding: __________
(b) RC has a 13 percent stock dividend.
Price per share: $ _____________
Shares outstanding: ____________
(c) RC has a 44 percent stock dividend.
Price per share: $___________
Shares outstanding: ___________
(d) RC has a two-for-three reverse stock split.
Price per share: $____________
Shares outstanding: __________.
The attached file contains detailed instructions in regards to the necessary calculations to determine price per share and shares outstanding for stock splits and stock dividends.