Question
On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 13,000, $1 par, common shares. The market price
On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 13,000, $1 par, common shares. The market price of Sandals common stock is $18 on June 30.
What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.)
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Management And Cost Accounting
Authors: Colin Drury
6th Edition
1844807037, 978-1844807031
