Question
A corporation has 66,952 shares of $38 par stock outstanding that has a current market value of $316 per share. If the corporation issues a
A corporation has 66,952 shares of $38 par stock outstanding that has a current market value of $316 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a.$278.00
b.$79.00
c.$1,264.00
d.$9.50
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Financial Accounting
Authors: Kermit D. Larson, Paul B. W. Miller
5th Edition
0256091935, 978-0256091939
