A corporation has 71,824 shares of $28 par stock outstanding that has a current market value of $304 per share. If the corporation issues a
A corporation has 71,824 shares of $28 par stock outstanding that has a current market value of $304 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a. $7
b. $76
c. $17,956
d. $276
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Authors: Ray H. Garrison, Alan Webb, Theresa Libby
12th Canadian Edition
1260193276, 978-1260193275
