Essay
Nico Inc., which had 60,000 shares of common stock outstanding, declared a 4-for-1 stock split.
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $160 per share before the stock split, what would be an approximate market price per share after the split?
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(a)240,000 shares (6...View Answer
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Correct Answer:
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