How many shares will be outstanding

Reference no: EM132916204

Question 1. B&K Lumber has 50,600 shares of stock outstanding at a price per share of $68. How many shares will be outstanding if the firm does a 5-for-2 stock split?

Question 2. Oak Tree Farms has common stock outstanding at a price of $13 a share. The total market value of the equity is $435,000. How many shares of stock will be outstanding if the firm does a reverse stock split of 2-for-5?

Hint: (1) What is the number of shares O/S? (Total Market Value/Price per share) (2) Multiply this by the ratio of the reverse stock split. (3) That will be your answer. A 2-for-5 reverse stock split means, for every 5 shares, you will get 2 shares

Reference no: EM132916204

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