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Stock Splits and Stock Dividends Red Rocks Corporation (RRC) currently has 250,000 shares of stock outstanding that sell for $75 per share. Assuming no market imperfections or tax effects exist, what will the share price the after.
a. RRC has a five-for-three stock split?b. RRC has a 15 percent stock dividend?c. RRC has a 42.5 percent stock dividend?d. RRC has a four-for-seven reverse stock split?
Determine the new number of shares outstanding in parts (a) through (d)
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