Question
Assume that you own 160 shares of $20 par value common stock of a company and the company has a 2-for-1 stock split when the
Assume that you own 160 shares of $20 par value common stock of a company and the company has a 2-for-1 stock split when the market price per share is $48.
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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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
