Calculating the share price, Financial Accounting

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Calculating the share price

Response to the following problem:

Shares in Raven Products are selling for $84.00 per share. There are 1 million shares outstanding. What will be the share price in each of the following situations? Ignore taxes. (Do not round intermediate calculations).

a. The stock splits six for five $ 70. is share price

b. The company pays a 20% stock divident $70 is share price

c. The company repurchases 100,000 shares $________ Share price?

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Financial Accounting: Calculating the share price

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Financial Accounting: Calculating the share price

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