market value = 14,000,000 * 4 = 56,000,000
stock price = 4*6 = 24
shares left = 14,000,000/6 = 2,333,333
market value remains same = 56,000,000
Saratoga Ag Industries has 14,000,000 shares outstanding with a current stock price of $4.00. The company...
Global Crossing currently has 2,600,000 shares outstanding and a stock price of $20.00. The company is going to declare a two-for-seven reverse stock split. What will the stock price be after the split? Round to two decimals Answer:
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?
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...
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)
Outstanding Shares Willis & Company has 20 million shares of $1 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 4-for-1 forward stock split to lower the price. How many shares will be outstanding following the stock split? million What will be the new par value per share? $
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...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (200,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity. $ 400,000 800,000 200,000 800,000 $2,200.000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-1% reverse stock...
LTE stock sells for $28.17 per share and there are 360,000 shares outstanding. The company plans a 3-for-1 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? Multiple Choice Ο $9.39 Ο $56.34 Ο $84.51 Ο $75.12 Ο $14.09
14 LTE stock sells for $27.99 per share and there are 330,000 shares outstanding. The company plans a 6-for-1 reverse stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split? & οο516) Multiple Choice Ο 516794 Ο $139.95 Ο $149.28 Ο Ο 55.50 Ο Ο $4.57