The Bella Corporation has 10,000 shares of ($ 15) par value common stock outstanding when they announce
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The Bella Corporation has 10,000 shares of \(\$ 15\) par value common stock outstanding when they announce a 2 for 1 split. Before the split, the stock had a market price of \(\$ 140\) per share. After the split, how many shares of stock will be outstanding, and what will be the approximate market price per share?
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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