Solved

Before a Three-For-One Stock Split,the Shares Outstanding Were 4,000 Shares

Question 86

Multiple Choice

Before a three-for-one stock split,the shares outstanding were 4,000 shares at $9 par.After the split,what was the par value per share and number of shares?


A) 12,000 shares at $9 per share
B) 12,000 shares at $3 per share
C) 12,000 shares at $6 per share
D) 4,000 shares at $27 per share

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions