Question
Effects of a stock split Assume that you own 3,600 shares of $10 par value common stock and the company has a 4-for-1 stock split
Effects of a stock split Assume that you own 3,600 shares of $10 par value common stock and the company has a 4-for-1 stock split when the market price per share is $68.
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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Case Studies In Forensic Accounting And Fraud Auditing
Authors: Professor D. Larry Crumbley, Wilson LaGraize, Christopher E. Peters
2nd Edition
0808041932, 978-0808041931
