Nevada Corporation has 53,200 shares of $18 par stock outstanding that has a current market value...
Nevada Corporation has 53,200 shares of $18 par stock outstanding that has a current market value of $128. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be
a.266,000
b.53,200
c.478,800
d.212,800
Homework Answers
Answer:
Option a) is correct. i.e 266,000 Shares.
| Nevada Corporation has 53,200 shares |
| If the company goes for 5 for 1 split stock then company would have to issue 5 shares for 1 share of stocks |
| number of shares outstanding will = 5*53,200 = 266,000 Shares |
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