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Outdoor, Inc. has 11,400 shares of $70 par common stock outstanding with a current market price of $102 per share. The board of directors declares
Outdoor, Inc. has 11,400 shares of $70 par common stock outstanding with a current market price of $102 per share. The board of directors declares a 7-for-1 stock split. A common shareholder who owned 19 shares of $70 par stock before the split would now own _____ shares of _____ par stock after the split. a. 133; $10 b. 29; $19 c. 29; $10 d. 10; $19
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