The common stock of Gillen Entertainment is selling for $65 a share. The par value...
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The common stock of Gillen Entertainment is selling for $65 a share. The par value per share is $1. Currently, the firm has a total market value of $936,000. How many shares of stock will be outstanding if the firm does a 5-for-2 stock split?
18,000 shares
32,200 shares
9,600 shares
36,000 shares
The common stock of Gillen Entertainment is selling for $65 a share. The par value per share is $1. Currently, the firm has a total market value of $936,000. How many shares of stock will be outstanding if the firm does a 5-for-2 stock split?
| 18,000 shares | ||
| 32,200 shares | ||
| 9,600 shares | ||
| 36,000 shares |
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