Bermuda triangle corporation (btc) currently has 550,000 shares of stock outstanding that sell for $88 per share. assume no market imperfections or tax effects exist.

determine the share price and new number of shares outstanding if: a. btc has a five-for-three stock split. b. btc has a 15 percent stock dividend. c. btc has a 42.0 percent stock dividend. d. btc has a four-for-seven reverse stock split.

Please find the detailed answer as follows:

Explanation:

Step 1. Given information.

Step 2. Formulas needed to solve the exercise.

Step 3. Calculation.  Step 4. Solution will be found as follows.

Stock prices are based on the value of the firm divided by the number of shares outstanding. If the number of shares outstanding increase, the stock price will fall.

a. BTC has a five-for-three stock split.

Share price = $88 * 3/5 = $52.8

No. of shares = 550,000 * 5/3 = 916,667

b. BTC has a 15 percent stock dividend.

Share price = $88/1.15 = $76.52

No. of shares = 550,000*1.15 = 632,500

c. BTC has a 42.0 percent stock dividend.

Share price = $88/1.42 = $61.97

No. of shares = 550,000*1.42 = 781,000

d. BTC has a four-for-seven reverse stock split.

Share price = $88 * 7/4 = $154

No. of shares = 550,000 * 4/7 = 314,286

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