A corporation has 51,000 shares of $27 par value stock outstanding that has a current market value of $124. If the corpo
Posted: Sun Jul 03, 2022 1:08 pm
A corporation has 51,000 shares of $27 par value stockoutstanding that has a current market value of $124. If thecorporation issues a 2-for-1 stock split, the market value of thestock is
a. expected to fall to approximately $62.
b. expected to fall to approximately $5.
c. expected to fall to approximately $97.
d. not expected to change.
a. expected to fall to approximately $62.
b. expected to fall to approximately $5.
c. expected to fall to approximately $97.
d. not expected to change.