Nico Inc., which had 60,000 shares of common stock outstanding, declared a 4-for-1 stock split.
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $160 per share before the stock split, what would be an approximate market price per share after the split?

Question

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The Answer of Nico Inc., which had 60,000 shares of common stock outstanding, declared a 4-for-1 stock split.
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $160 per share before the stock split, what would be an approximate market price per share after the split?

Nico Inc, Which Had 60,000 Shares of Common Stock Outstanding, Declared