Shares of stock outstanding and current stock price

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Reference no: EM131913856

US Parcel Inc has 5400 shares of stock outstanding and a current stock price of $10.50 per share. The company has no debt. The company is currently short on cash and announces that instead of a cash dividend they will pay the following stock dividend to all shareholders: one new share of stock for each 5 shares held.

What will the new price per share if US Parcel be after the stock dividend goes into effect. $

Place your answer in dollars and cents without the dollar sign

Reference no: EM131913856

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