Bella Corporation has 10,000 shares of ($ 15) par value common stock outstanding when it announces a

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Bella Corporation has 10,000 shares of \(\$ 15\) par value common stock outstanding when it announces a 2-for-1 split. Before the split, the stock had a market price of \(\$ 140\) per share. After the split, how many


shares of stock will be outstanding, and what will be the approximate market price per share?

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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