Question
Assume that you own 110 shares of $16 par value common stock of a company and the company has a 2-for-1 stock split when the
Assume that you own 110 shares of $16 par value common stock of a company and the company has a 2-for-1 stock split when the market price per share is $44.
Required: How many shares of common stock will you own after the stock split?
What will probably happen to the market price per share of the stock?
What will probably happen to the par value per share of the stock?
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Petroleum Accounting: Principles, Procedures; And Issues
Authors: Dennis Jennings, John Brady, Rich Shappard, Craig Friou
8th Edition
0940966328, 978-0940966321
