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Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
Edition 11ISBN: 978-1259535314 Exercise 26
Effects of a stock split Assume that you own 400 shares of $10 par value common stock of a company and the company has a 2-for-1 stock split when the market price per share is $60.
Required:
a. How many shares of common stock will you own after the stock split?
b. What will probably happen to the market price per share of the stock?
c. What will probably happen to the par value per share of the stock?
Required:
a. How many shares of common stock will you own after the stock split?
b. What will probably happen to the market price per share of the stock?
c. What will probably happen to the par value per share of the stock?
Explanation
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(a)A 2 for 1 split means that for every ...
Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall
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