A corporation,which had 20,000 shares of common stock outstanding,declared a 3-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 $240 per share before the stock split, what would be an approximate market price per share after the split?

Question

A corporation,which had 20,000 shares of common stock outstanding,declared a 3-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 $240 per share before the stock split, what would be an approximate market price per share after the split?

Quizplus · Accepted Answer

The Answer of A corporation,which had 20,000 shares of common stock outstanding,declared a 3-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 $240 per share before the stock split, what would be an approximate market price per share after the split?

A Corporation,which Had 20,000 Shares of Common Stock Outstanding,declared a 3-For-1