Question
A corporation, which had 33,400 shares of common stock outstanding, declared a 5-for-1 stock split. (a) What will be the number of shares outstanding after
A corporation, which had 33,400 shares of common stock outstanding, declared a 5-for-1 stock split.
(a) What will be the number of shares outstanding after the split? how many shares?=
(b) If the common stock had a market price of $205 per share before the stock split, what would be an approximate market price per share after the split? price per share =?
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
4th Edition
0132423502, 978-0132423502
