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Problem 4

Berk currently has 650,000 shares of stock outstanding that sell for $75 per share. Assuming no market imperfections or tax effects exist, what will the share price and the new number of shares after:

a.Berk has a six-for-four stock split?

b.Berk has a 17 percent stock dividend?

c.Berk has a 38.5 percent stock dividend?

d.Berk has a four-for-six reverse stock split?

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Nelly Stracke
Nelly StrackeLv2
29 Sep 2019

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