Question
) A company has 36,000 shares of stock outstanding with a par value of $1 per share and a market price of $38 a share.
) A company has 36,000 shares of stock outstanding with a par value of $1 per share and a market price of $38 a share. The company just announced a stock split of four-for-three.
How many shares of stock will be outstanding after the split?
What will be the market price per share after the split?
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
