solution

Mill Creek Corporation (MCC) currently has 485,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax effects exist, what will the share price be after

a. MCC has a four-for-three stock split?

New share price $ per share

b. MCC has a 15% stock dividend? (Do not round intermediate calculations.

New share price $ ?per share

c. MCC has a 54.5% stock dividend?

New share price $ per share

d. MCC has a two-for-seven reverse stock split?

New share price per share

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

a. New shares outstanding

b. New shares outstanding

c. New shares outstanding

d. New shares outstanding

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