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How many shares of stock will be outstanding after the split

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Q1. Della's Pool Halls has 21,000 shares of stock outstanding with a market price of $39 a share. The firm just announced a 7-for-3 stock split. How many shares of stock will be outstanding after the split?

Q2. The Turtle Cave currently has 160,000 shares of stock outstanding that sell for $44 per share. Assume no market imperfections or tax effects exist. What will the new share price be if the firm declares a 10 percent stock dividend?

Reference no: EM132958766

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