Hypothetical Question with Sample Answer Huron Corp. has 300,000 common shares outstanding. The owners of these outstanding shares live in several different states. Huron has decided to split the 300,000 shares two for one. Will Huron Corp. have to fi le a registration statement and prospectus on the 300,000 new shares to be issued as a result of the split? Explain.

—For a sample answer to Question 31–2, go to Appendix E at the end of this text.