The Peanut Shack has 6,5000 shares of stock outstanding with a par value of $1 per share.The current market value of the firm is $145,600.The company just announced a 3-for-2 stock split.What will the market price per share be after the split?
A) $12.14
B) $14.93
C) $16.18
D) $28.20
E) $36.40
Correct Answer:
Verified
Q75: Delaware Trust has 450 shares of common
Q76: Verbal Communications,Inc.,has 14,000 shares of stock outstanding
Q77: Prezario's has 25,000 shares of stock outstanding
Q78: Della's Pool Halls has 12,000 shares of
Q79: The Peace River Corporation has 62,000 shares
Q81: Purvis Lawn Products has 18,000 shares of
Q82: The Olive Vase has 56,000 shares of
Q83: City Center Pharmacy has 11,500 shares of
Q84: Glendale Paving currently has 120,000 shares of
Q85: The Turtle Cave currently has 160,000 shares
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents