Problem:
Berk currently has 650,000 shares of stock outstanding that sell for $75 per share.
Required:
Assuming no market imperfections or tax effects exist, what will the share price and the new number of shares after:
a. Berk has a six-for-four stock split?
b. Berk has a 17 percent stock dividend?
c. Berk has a 38.5 percent stock dividend?
d. Berk has a four-for-six reverse stock split?
Note: Please provide full description.