Question
Effect ofStock Split Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 30,000 shares ofcommon stockoutstanding, declared
Effect ofStock Split
Audrey's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Northwest. Audrey's Restaurant Corporation, which had 30,000 shares ofcommon stockoutstanding, declared a 4-for-1 stock split (3 additional shares for each share issued).
a.What will be the number of shares outstanding after the split?
b.If the common stock had a market price of $240 per share before the stock split, what would be an approximate market price per share after the split?
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
978-1259206955, 1259206955, 77862368, 978-0077862367
