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Listen On March 10, Jaylyn Corp. announced a 2:1 stock split. The shares were tra $50 per share on the Toronto Stock Exchange prior to
Listen On March 10, Jaylyn Corp. announced a 2:1 stock split. The shares were tra $50 per share on the Toronto Stock Exchange prior to the stock split. Prior to the split, the company had 80,000 common shares outstanding. At the shares were trading at $44 per share. Required: How many common shares are there in total after the split? A What would be the price per common share after the stock split? A/ 16000
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