Question
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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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
