Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstan
ID: 2701775 • Letter: B
Question
Bermuda Triangle Corporation (BTC) currently has 380,000 shares of stock outstanding that sell for $101 per share. Assuming no market imperfections or tax effects exist.
Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places (e.g., 32.16) and shares outstanding to the nearest whole number (e.g., 32).):
Required:Determine the share price and new number of shares outstanding if: (Do not round intermediate calculations. Round your price per share answers to 2 decimal places (e.g., 32.16) and shares outstanding to the nearest whole number (e.g., 32).):
(a) BTC has a five-for-three stock split.Explanation / Answer
a. $101(3/5) = $60.60
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a. 380,000(5/3) = 633,333
b. $101(1/1.10) = $91.82
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b. 380,000(1.10) = 418,000
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c. $101(1/1.375) = $73.45
c. 380,000(1.375) = 522,500
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d. $101(7/4) = $176.75
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d. 380,000(4/7) = 217,143
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