Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be:

Question

Quizplus · Accepted Answer

In a 2-for-1 stock split, par value and market value will be 1/2 of what they were prior to the split and number of shares will be two times what it was.

Helena Corporation Declared a 2-For-1 Stock Split on 8,000 Shares