Question
A corporations has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a
A corporations has 50,000 shares of $28 par stock outstanding that has a current market value of $150 per share. If the corporation issues a 4-for-1 stock split, the market value of stock will fall to approximately a. $7.00 b. $112.00 c. $37.50 d. $600.00
I answer option d. 600, is it correct?
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Principles Of Financial Accounting Ch 1 17
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
0077370457, 9780077370459
