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81.
The Mining Co. has 20,000 shares of stock outstanding. The current market
value of the firm is $328,000. The company has retained earnings of
$27,000, capital in excess of par value of $160,000, and a common stock
account value of $40,000. The company is planning a 2-for-5 reverse stock
split. What will the par value per share be after the split?
82.
East Coast Marina has 220,000 shares of stock outstanding. The current
market value of the firm is $18.92 million. The company has retained
earnings of $3.8 million, paid in surplus of $6.7 million, and a common stock
account value of $220,000. The company is planning a 3-for-2 stock split.
What will the market price per share be after the split?
83.
Jean's Warehouse has 16,000 shares of stock outstanding. The current
market value of the firm is $768,000. The company has retained earnings of
$130,000, paid in surplus of $321,000, and a common stock account value of
16,000. The company is planning a 5-for-3 stock split. What will the retained
earnings account value be after the split?
84.
The common stock of Checkers, Inc. is selling for $56 a share and the par
value per share is $1. Currently, the firm has a total market value of
$812,000. How many shares of stock will be outstanding if the firm does a
3-for-2 stock split?
85.
The common stock of Gillen Entertainment is selling for $65 a share. The
par value per share is $1. Currently, the firm has a total market value of
$936,000. How many shares of stock will be outstanding if the firm does a
5-for-2 stock split?
86.
Purvis Lawn Products has 18,000 shares of stock outstanding at a market
price of $5.50 a share. What will the market price per share be if the
company does a 1-for-4 reverse stock split?
87.
The Olive Vase has 56,000 shares of stock outstanding with a par value of
$1 per share and a market value of $11 a share. The company just
announced a 3-for-4 reverse stock split. Currently, you own 500 shares of
this stock. What will the total value of your shares be after the reverse stock
split?
88.
The Green Florist has 28,000 shares of stock outstanding with a par value
of $1 per share and a market value of $7 a share. The company just
announced a 2-for-5 reverse stock split. Currently, you own 300 shares of
this stock. How many shares will you own after the reverse stock split?
89.
City Center Pharmacy has 11,500 shares of stock outstanding with a par
value of $1 per share and a market value of $12 a share. The company just
announced a 3-for-7 reverse stock split. What will the market value per
share be after the reverse stock split?
90.
The Green Fiddle has declared a $5 per share dividend. Suppose capital
gains are not taxed, but dividends are taxed at 15 percent. New IRS
regulations require that taxes be withheld at the time the dividend is paid.
Green Fiddle stock sells for $71.50 per share, and the stock is about to go
ex-dividend. What will the ex-dividend price be?
91.
The owners' equity accounts for Blueswell Industries are shown here:
If Blueswell Industries declares a 1-for-5 reverse stock split, there will be
____ shares outstanding at a par value of _____ per share.
92.
The Turtle Cave currently has 160,000 shares of stock outstanding that sell
for $60 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?
93.
Glendale Paving currently has 120,000 shares of stock outstanding that sell
for $54 per share. Assume no market imperfections or tax effects exist.
What will the new share price be if the firm declares a 40 percent stock
dividend?
