Stock Splits Hexagon declares a three-for-one stock split. How many shares are o

Question

Stock Splits

Hexagon declares a three-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.)

Hexagon declares a three-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your final answer to 3 decimal places. (e.g., 32.16))

Hexagon declares a one-for-four reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.)

Hexagon declares a one-for-four reverse stock split. What is the new par value per share? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Explanation / Answer

1.Hexagon declares a three-for-one stock split. How many shares are outstanding now? (Do not round intermediate calculations.)  

Currently Outstanding Share = 30000/0.6 = 50000

New shares outstanding = 50000*3/1

New shares outstanding    = 150000

a-2.Hexagon declares a three-for-one stock split. What is the new par value per share? (Do not round intermediate calculations and round your final answer to 3 decimal places. (e.g., 32.16))  

  New par value = 0.60*1/3

  New par value = 0.20

Answer

New par value $ 0.20 per share  

b-1. Hexagon declares a one-for-four reverse stock split. How many shares are outstanding now? (Do not round intermediate calculations.)   

Currently Outstanding Share = 30000/0.6 = 50000

New shares outstanding    = 50000*1/4

New shares outstanding    = 12500

b-2.Hexagon declares a one-for-four reverse stock split. What is the new par value per share? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

New par value = 0.60*4/1

  New par value = 2.40

Answer

New par value $ 2.40 per share

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.