Reverse stock split will have no effect on the company's value or company's total market capitalization, as both will be same after the reverse split. However the company will have reduced outstanding shares to the extent of stock split, but the share price increases in direct proportion to the reverse stock split.
Hence share price will be = (20*(7/2))
Stock price after the split is = $ 70/.
Global Crossing currently has 2,600,000 shares outstanding and a stock price of $20.00. The company is...
Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock price of $4.00. The company is going to declare a one-for-six reverse stock split. What is the market value of the company prior to the reverse stock split? What will the stock price be after the reverse split? How many shares will be outstanding after the reverse split? What is the market value after the reverse split? Numbers greater than 1,000, round to the nearest whole number and no...
Roll Corporation (RC) currently has 505,000 shares of stock outstanding that sell for $80 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.)...
Mill Creek Corporation (MCC) currently has 475,000 shares of stock outstanding that sell for $80 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. MCC has a four-for-three stock split? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) New share price ? b. MCC has a 20% stock dividend? (Do not round intermediate calculations. Round the final answer to 2...
A firm currently has 200,000 shares of stock outstanding at a market price per share of $120. Today, the firm announced a 2-for-1 stock split. What will the price per share be after the split? $240.00 $120.00 $40.00 $60.00
STOCK SPLITS & STOCK DIVIDENDS D: Roll Corporation curently has 465,000 shares of stock outstanding that sell for $73 per share. Assuming no market imperfections or tax efects exist, what will the share price be after the following: Hint: You will need to determine the market value of the stock to answer the question Market value equals shares of stock * per share price. Roll Corporation has a five-for-three stock Split: Updated share price Roll Corporation has a 15% Stock...
The Hally Florist has 28,000 shares of stock outstanding with a par value of Rsti per share and a market value of RM7 a share. The company just announced a .for-5 reverse stock split. Currently, you own 300 shares of this stock. How many shares will you own after the reverse stock split? (2 marks) (CLO PLO2C3)
TD Auto Finance has 45,947 shares of stock outstanding at a market price of $18.8 a share. What will be the market price per share if the company does a 1-for-5 reverse stock split?
Question 2: A firm currently has 8 million shares of stock outstanding that have a current market price of $12. If all else remains constant, what will be the share price after each of the following: A 20% stock dividend. A four-for-one stock split A 32.5% stock dividend What would be the total number of shares outstanding after parts a through c? a. b. d.
LTE stock sells for $27.69 per share and there are 280,000 shares outstanding. The company plans a 4-for-3 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? .
Q. 02: Johore Trading Company has 2.4 million shares of common stock outstanding, and the present market price per share is $36. Its equity capitalization is as follows: Common Stock ($2 par value) Additional Paid-in-Capital Retained Earnings Total Shareholders' Equity S 4,800,000 5,900,000 87,300,000 $ 98,000,000 A. If the company were to declare a 12 percent stock dividend, what would happen to these accounts? A 25 percent stock dividend? A 5 percent stock dividend? B. If, instead, the company declared...