The market value of Yeates Corporations common stock had become excessively high. The stock was...
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The market value of Yeates Corporations common stock had become excessively high. The stock was currently selling for $240 per share. To reduce the market price of the common stock, Yeates declared a 3-for-1 stock split for the 220,000 outstanding shares of its $8 par value common stock. Required b. Determine the number of common shares outstanding and the par value after the split. (Round par value answer to 2 decimal places.) A) Number of common shares outstanding= B) Par Value per share after the split=
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