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Determine the new number of shares outstanding in parts

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Reference no: EM132403069

Great Eastern Rectangle (GER) currently has 970,000 shares of stock outstanding that sell for $29.25 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:

a. GER has a three-for-two stock split?

b. GER has an 8 percent stock dividend?

c. GER has a 27.5 percent stock dividend?

d. GER has a three-for-five reverse stock split?

e. Determine the new number of shares outstanding in parts (a) through (d).

Reference no: EM132403069

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