During May, Deckers Outdoor Corporation announced a 3-for-1 stock split. This brought the number of shares outstanding from 12,896,000 shares to _____ shares, and its $0.90 par value to _____ per share.

Question

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In a 3-for-1 stock split, each share is split into 3, so the number of shares would be multiplied by 3 (12,896,000 * 3 = 38,688,000). The par value per share would be divided by 3 ($0.90 / 3 = $0.30).

During May, Deckers Outdoor Corporation Announced a 3-For-1 Stock Split