Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. effects of a stock split 8.3 assume that you own 1

Effects of a stock split 8.3 Assume that you own 1,200 shares of $10 par...

60.1K

Verified Solution

Question

Accounting

Effects of a stock split

8.3

Assume that you own 1,200 shares of $10 par value common stock and the company has a 5 for 1 stock split when the market price per share is $70

a. How many shares of common stock will you own after the stock split

b what will probably happen to the market price per share of the stock.

c. What will probably happen to the par value per share of the stock.

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

describe the mechanism of antigen processing and presentation by a virally infected cell to a CD8...

Medical Sciences
Q

Under certain air conditions, the air temperature drops about 3.3F for each 1,000-foot rise in...

Basic Math
Q

Find the general solution of the differential equation or state that the differential equation is...

Calculus
Q

Use what you know about the classes of functions as well as vertical and horizontal...

Algebra
Q

This information relates to the Cash account for Carla Vista Company. Balance September...

Accounting
Q

Mauro Products distributes a single product, a woven basket whose selling price is $15 per...

Accounting
Q

Sunland inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting...

Accounting
Q

identify the principle(s) of internal control that is violated. Recommend what the business should do...

Accounting
Q

Fallon Company uses flexible budgets to control its selling expenses. Monthly sales are expected to...

Accounting
Q

Blue Spruce Corp, began operations on April 1 by issuing 53,300 shares of $4 par...

Accounting
Q

The $340 selling price of a stereo is $40 more than 3 times the cost

Finance
Q

what is the bond equilavent yield on a 90-day treasury bill that has a bank...

Finance