New Stock price = Current stock price / 2
New Stock price = 70 / 2
New Stock price = $35.00
28. Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold...
Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post-split price? a. $20.00 b. $25.00 c. $30.00 d. $38.73 e. $40.00
Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $90 per share. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post-split price?
A company recently completed a 5-for-3 stock split. Prior to the split, its stock sold for $155 per share. If the total market value was unchanged by the split, what was the price of the stock following the split? 81 75 93 87 69
Whited Products recently completed a 4-for-1 stock split. Prior to the split, its stock sold for $120 per share. If the firm's total market value increased by 5% as a result of increased liquidity caused by the split, what was the stock price following the split?$28.43$29.93$31.50$33.08$34.73
ABC Communications recently completed a 5-for-3 stock split. Prior to the split, its stock price was $70 per share. The firm's total market value increased by 20% as a result of the split. What was the price of the company’s stock following the stock split? a. $46.2 b. $67.2 c. $61.6 d. $50.4
ABC Communications recently completed a 5-for-3 stock split. Prior to the split, its stock price was $70 per share. The firm's total market value increased by 10% as a result of the split. What was the price of the company’s stock following the stock split? a. $61.6 b. $50.4 c. $46.2 d. $67.2
Becker Financial recently completed a 7-for-2 stock split. Prior to the split, its stock sold for $90 per share. If the total market value was unchanged by the split,what was the price of the stock following the split?Answer$23.21$24.43$25.71$27.00$28.35
A corporation, which had 37,400 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 $96 per share before the stock split, what would be an approximate market price per share after the split? $__ per share? (c) Is a journal entry required for a stock split? Yes or no?
20. Beta Corp declared a 2 for 1 stock split. Beta had 60 million share of common stock issued and outstanding. The market price per share at the time of the split was $25. The par value of the stock is $1. Record the stock split as a stock dividend. Record the stock dividend as a memo entry.
The company with the common equity accounts shown here has declared a 5-for-1 stock split when the market value of its stock is $40 per share. The firm's 70-cent per share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus $390,000 847,000 3,730,800 Retained earnings 4,967,800 Total owner's equity a. What is the new par value per share? (Do not round...