Question
A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a
A corporation has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a.$112.00
b.$37.50
c.$600.00
d.$7.00
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Financial Accounting
Authors: Michael J. Jones
1st Edition
0470058986, 978-0470058985
