Weiland, Inc., has 300,000 shares outstanding that sell for $80 per share. The company plans a 5-for-2 stock split. How many shares will be outstanding after the split?
Multiple Choice
2,100,000 shares
750,000 shares
1,425,000 shares
120,000 shares
450,000 shares
After the split;number of shares would increase and stock price decrease.
Hence shares outstanding after the split
=300,000*(5/2)
which is equal to
=750,000 shares
Weiland, Inc., has 300,000 shares outstanding that sell for $80 per share. The company plans a...
Weiland, Inc., has 370,000 shares outstanding that sell for $87 per share. The company plans a 3-for-2 stock split. How many shares will be outstanding after the split? Multiple Choice 1,850,000 shares 1,202,500 shares 555,000 shares 246,667 shares 185,000 shares
BGA has 345,000 shares outstanding that sell for $30 per share. The company plans a 3-for-5 reverse stock split. How many shares will be outstanding after the split?
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
Robinson's has 46,000 shares of stock outstanding with a par value of $1 per share and a market price of $52 a share. The balance sheet shows $46,000 in the common stock account, $515,000 in the paid in surplus account, and $530,000 in the retained earnings account. The firm just announced a 2-for-1 stock split. How many shares of stock will be outstanding after the split? Multiple Choice 0 46,000 shares 0 23,000 shares 0 92,000 shares 0 91,500 shares...
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? .
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
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.)...
NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split. How many shares of stock will be outstanding after the split? Select one: a. 87,500 shares b. 262,500 shares c. 350,000 shares d. 116,667 shares
NeptBune, Inc. has 175,000 shares of stock outstanding at a market price of $59 a share. The company has just announced a 3-for-2 stock split How many shares of stock will be outstanding after the split? Select one a 350,000 shares b. 87,500 shares C 262,500 shares d 116,667 shares
Timothy owns 620 shares of Countess Corp., which is priced at $13.69 per share. The company plans a 3-for-5 reverse stock split. How many shares will Timothy own and what will the share price be after the reverse stock split? Multiple Choice Ο 372; $8.21 Ο Ο 372: $22.82 Ο 372: $13.69 Ο 1033; $821 Ο 1033; $22.82