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Aaron owns 500 shares of $4 par value common stock with a market value of $20 per share. The stocks company just issued a 4-for-1
Aaron owns 500 shares of $4 par value common stock with a market value of $20 per share. The stocks company just issued a 4-for-1 stock split.
- What was the total par value of the common stock before the split?
- How many shares of stock would Aaron own after the stock split?
- What would the new total par value likely be after the stock split?
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
