Question
A corporation has 71,112 shares of $24 par value stock outstanding that has a current market value of $260 per share. If the corporation issues
A corporation has 71,112 shares of $24 par value stock outstanding that has a current market value of $260 per share. If the corporation issues a 4-for-1 stock split, what amount approximately will the market value of the stock fall to?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
10th edition
978-1-119-3061, 1119306167, 978-1119444367
