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Outstanding Shares Pearce & Company has 20 million shares of $3 par value common stock outstanding. The company believes that its current market price of
Outstanding Shares Pearce & Company has 20 million shares of $3 par value common stock outstanding. The company believes that its current market price of $100 per share is too high and decides to execute a 3-for-1 forward stock split to lower the price How many shares will be outstanding following the stock split? million What will be the new par value per share? $ Ne Previous B Save Answers
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
