Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.Required
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split?

Question

Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.​Required
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split?

Quizplus · Accepted Answer

The Answer of Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-for-1 stock split.​Required
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $280 per share before the stock split, what would be an approximate market price per share after the split?

Marcos Company, Which Had 35,000 Shares of Common Stock Outstanding