Business

Kennedy Montes

12 March, 13:12

8. Fung Manufacturing, Inc. (FMI), currently has 275000 shares of stock outstanding that sell for $75 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. RMO has a two-for-five reverse stock split? b. RMO has a 6 percent stock dividend? c. RMO has a 18 percent stock dividend? d. RMO has a nine-for-two stock split? e. Redo parts a to d and determine the new number of shares.

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