Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. he peanut shack has 6,5000 shares of stock outstan

he Peanut Shack has 6,5000 shares of stock outstanding with a par value of $1...

60.1K

Verified Solution

Question

Finance

he Peanut Shack has 6,5000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $145,600. The company just announced a 3-for-2 stock split. What will the market price per share be after the split? A. $14.93 B. $12.14 C. $28.20 D. $16.18

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!
Become a Member

Other questions asked by students

Q

Thirty five less than the square of a number is the same as 2 times...

Basic Math
Q

solve differential equation. y" + 9y = 18t^2 + 9t + 1 ; y(0) = 5/3...

Advance Math
Q

What is the approximate cost of operating a 40 W light bulb for 3 0...

Physics
Q

5 Four cells each of emf E and internal r are connected in series If...

Physics
Q

Assume that in the absence of immigration and emigration the growth of a country s...

Basic Math
Q

Scientists researching crickets have observed that the rate at which a certain species chirps may...

Basic Math
Q

[The following information applies to the questions displayed below.] Cardinal Company is considering a five-year...

Accounting
Q

Which of the following statements below would be an advantage in decentralized decision making? a....

Accounting
Q

The balances in the perpetual inventory accounts of Anditon Manufacturing Corporation at the beginning and...

Accounting
Q

Lasagna Question Fall 2018 Name:, Directions: Please answer all of the questions below. You can...

Accounting
Q

8. Feld to-maturity securities are equity securities a company intends to hold until dividends have...

Accounting
Q

A company reports the following beginning inventory and two purchases for the month of January....

Accounting