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Johnston Motors declared a 2-for-1 stock split on 12.000 shares of $5 par value common stock. If the market price of the stock had been
Johnston Motors declared a 2-for-1 stock split on 12.000 shares of $5 par value common stock. If the market price of the stock had been $20 a share before the split, the par value, number of shares and approximate market value after the split would most likely be: Par Value No. of Shares Market Value A $5.00 24,000 $20 B $2.50 24.000 $40 C $2.70 12.000 $10 D $2.50 24,000 $10 OA 00
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