17 A corporation, which had 28,700 shares of common stock outstanding, declared a 5-for-1 stock split.

a.What will be the number of shares outstanding after the split?

________________shares

b.If the common stock had a market price of $185 per share before the stock split, what would be an approximate market price per share after the split?

_______________ per share

18 A corporation has 50,000 shares of $25 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 5-for-1 stock split, the market value of the stock after the split will be approximately

a.$30

b.$150

c.$25

d.$5

23 Sabas Company has 20,000 shares of $100 par, 2% cumulative preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends:

Year 1:$10,000

Year 2:45,000

Year 3:90,000

Determine the dividends per share for preferred and common stock for the third year.

a.$2.00 and $0.25

b.$4.50 and $0.90

c.$4.50 and $0.25

d.$3.25 and $0.25