A corporation has 66,952 shares of $38 par stock outstanding that has a current market value...
A corporation has 66,952 shares of $38 par stock outstanding that has a current market value of $316 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately
a.$278.00
b.$79.00
c.$1,264.00
d.$9.50
Homework Answers
Answer : B) $79.00
one stock will Split into 4 Shares
Market Value of one Stock after Split = 316/4 = 79.00
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