Question 4 Not yet answered Marked out of 1.00 P Flag question Raed Corporation splits its common stock 2 for 1, when the market value is $80 per share. Prior to the split, Raed had 100,000 shares of $10 par value common stock issued and outstanding. After the split, the par value of the stock a. is reduced to $5 per share. b. remains the same. c. is reduced to $2 per share. d. is reduced to $20 per share. Previous page Next page 20 20 Assignment -+ Time left 1:26:00 Question 6 Not yet answered Marked out of 1.00 Flag question Salam Inc. declared a $80,000 cash dividend. It currently has 3,000 shares of 7%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Salam distribute to the common stockholders? a. $25,000 b. $42,000. C. $38,000 d. $59,000 Previous page Next page