Question
Effects of a stock split 8.3 Assume that you own 1,200 shares of $10 par value common stock and the company has a 5 for
Effects of a stock split
8.3
Assume that you own 1,200 shares of $10 par value common stock and the company has a 5 for 1 stock split when the market price per share is $70
a. How many shares of common stock will you own after the stock split
b what will probably happen to the market price per share of the stock.
c. What will probably happen to the par value per share of the stock.
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
