Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-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 $\$ 280$ per share before the stock split, what would be an approximate market price per share after the split?

Question

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The Answer of Marcos Company, which had 35,000 shares of common stock outstanding, declared a 4-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 $\$ 280$ per share before the stock split, what would be an approximate market price per share after the split?

Marcos Company, Which Had 35,000 Shares of Common Stock Outstanding $280\$ 280$280

Marcos Company, Which Had 35,000 Shares of Common Stock Outstanding $\$ 280$