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Company C has 250,000 shares of common stock outstanding with par value of $1 and current market value of $30 per share. Company C is
Company C has 250,000 shares of common stock outstanding with par value of $1 and current market value of $30 per share. Company C is considering a 2 to 1 stock split. As a result of the stock split:
| The stock price will drop to $15 per share. | ||
| The stock price will double to $60 per share. | ||
| The stock price will remain unchanged at $30 per share. | ||
| The par value per share will double to $2 per share. | ||
| The par value will remain unchanged at $1 per share. |
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