10. The Olive Vase has 62,000 shares of stock outstanding with a par value of $1 per share and a market value of $17 a share. The company just announced a 3-for-5 reverse stock split. Currently, you own 600 shares of this stock. What will the total value of your shares be after the reverse stock split?

Please show how you arrived at the answer so that I may study it.

answer

watching

views

For unlimited access to Homework Help, a Homework+ subscription is required.

You have 0 free answers left.
Get unlimited access to 3.8 million step-by-step answers.

Get unlimited access

Already have an account? Log in

Jarrod RobelLv2

21 Apr 2019

Unlock all answers

Get 1 free homework help answer.

Already have an account? Log in

Related questions

Problem 3

Gordon's Meats has 6,500 shares of stock outstanding. The market value is $26.50 per share. The statement of financial position shows $48,200 common stock account, and $142,900 in the retained earnings account. The firm just announced a 5 percent stock dividend. What will the balance be in the common stock and retained earnings accounts after the dividend?

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?

violetsquirrel908

Problem 4

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?

violetrabbit340

The mining co. has 110 shares of stock outstanding The current market value of the firm is $5.5 million. the company has retained earnings of $1.8 million, paid in surplus of $2.2 million, and a common stock account value of $11 million. The company is planning a 5 for 1 stock split. What will the par value
per share be after the split ?
a) $0.15 b)$0.20 c)$1.00 d)$2.50 e) $5.00
Please show the work and can you explain to me the difference between the market value per shre adn the par value per share ??

Weekly leaderboard

Home

Homework Help 3,900,000

Finance 370,000

Unlock all answers

Related questions

Related Documents

FIN 357 Lecture Notes - Lecture 6: Payback Period, Cash Flow, Net Present Value

Accounting ACCT 2610 Lecture Notes - Lecture 19: Retained Earnings, Stock Split, Problem Solving

FIN 320 Lecture Notes - Lecture 6: Public Company, Dividend Tax, Options Strategies

Weekly leaderboard