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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 47
Effect of stock split
Willey's Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill Restaurant, which had 325,000 shares of common stock outstanding, declared a 3-for-l stock split.
A. What will be the number of shares outstanding after the split?
B. If the common stock had a market price of $450 per share before the stock split, what would be an approximate market price per share after the split?
Willey's Grill Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Southwest. Willey's Grill Restaurant, which had 325,000 shares of common stock outstanding, declared a 3-for-l stock split.
A. What will be the number of shares outstanding after the split?
B. If the common stock had a market price of $450 per share before the stock split, what would be an approximate market price per share after the split?
Explanation
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Share split is that action in which numb...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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