Question
14. Comfort realty has 100,000 shares outstanding with a market value of $150/share and a par value of $10 per share. What is the number
14. Comfort realty has 100,000 shares outstanding with a market value of $150/share and a par value of $10 per share. What is the number of shares outstanding and the value of each share when the company does a 3-for-1 stock split?
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In a 3for1 stock split each existing share is split into three new shares Therefore t...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
