A corporation has 66,952 shares of $38 par stock outstanding that has a current market...
80.2K
Verified Solution
Link Copied!
Question
Accounting
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
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
