Question
A corporation has 69,465 shares of $32 par value stock outstanding that has a current market value of $313. If the corporation issues a 4-for-1
A corporation has 69,465 shares of $32 par value stock outstanding that has a current market value of $313. If the corporation issues a 4-for-1 stock split, what amount approximately will the market value of the stock fall to?
Select the correct answer.
a.$8
b.$78
c.$281
d.$17,366
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
