Birch Enterprises reported the following information: common stock, $3 par; 750,000 shares authorized; 400,000 shares issued and
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What is the typical effect of a 4-for-1 stock split on the information Birch Enterprises reports above? If the market value of the common stock is $600 per share when the stock split is declared, what would you expect the approximate market value per share to be immediately after the split?
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Authorized shares 750000 4 3000000 Issued shares 400000 4 1600000 M...View the full answer
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