Question
On June 30, the board of directors of Sandals, Inc., declares a 5-for-1 stock split on its 27,000, $3 par, common shares. The market price
On June 30, the board of directors of Sandals, Inc., declares a 5-for-1 stock split on its 27,000, $3 par, common shares. The market price of Sandals common stock is $100 on June 30.
| What are the number of shares, par value per share, and market price per share immediately after the 5-for-1 stock split? |
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Financial Accounting An International Introduction
Authors: David Alexander
7th Edition
129229583X, 978-1292295831
