Pete's Pets has 18,500 shares of stock outstanding with a par value of $1 per share and a market price of $21 a share.The firm just announced a three-for-two stock split.How many shares of stock will be outstanding after the split?
A) 12,000 shares
B) 14,000 shares
C) 27,750 shares
D) 22,250 shares
E) 29,250 shares
Correct Answer:
Verified
Q67: A stock currently sells for $65.70 a
Q68: The Robert's Co.just paid an annual dividend
Q69: Bruno's has 13,000 shares of stock outstanding
Q70: Men's Place has 21,000 shares of stock
Q71: Cat's has 41,800 shares of stock outstanding
Q73: Corner Mart has 130,000 shares of stock
Q74: The Retail Outlet has 6,000 shares of
Q75: AJ's has 12,400 shares of stock outstanding
Q76: The Uptowner has 11,000 shares of stock
Q77: KLT just paid an annual dividend of
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