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Red Rocks Corporation (RRC) currently has 480,000 shares of stock outstanding that sell for $90 per share. Assuming no market imperfections or tax...
Red Rocks Corporation (RRC) currently has 480,000 shares of stock outstanding that sell for $90 per share. Assuming no market imperfections or tax effects exist, what will the share price be after:a. RRC has a five-for-three stock split? (Round your answer to 2 decimal places. (e.g., 32.16))b. RRC has a 10 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16))c. RRC has a 53.5 percent stock dividend? (Round your answer to 2 decimal places. (e.g., 32.16))d. RRC has a four-for-seven reverse stock split? (Round your answer to 2 decimal places. (e.g., 32.16))Determine the new number of shares outstanding in parts (a) through (d).--------------------------------------------------------------------------------check my workView Hint #1referencesebook & resources
Red Rocks Corporation (RRC) currently has 480,000 shares of stock outstanding that sell for $90 per share. Assuming no market imperfections or tax effects exist, what will the share price be...