A common stock is selling for $63 a share.The par value per share is $1 and the total market value of the firm is $94,500.How many shares of stock will be outstanding if the firm does a 3-for-1 stock split?
A) 500 shares
B) 1,000 shares
C) 3,000 shares
D) 3,500 shares
E) 4,500 shares
Correct Answer:
Verified
Q62: Robinson's has 15,000 shares of stock outstanding
Q63: Pete's Pets has 15,000 shares of stock
Q64: Auto Supply has 84,600 shares of stock
Q65: You own 100 shares of MXR stock.The
Q66: Luis owns 800 shares of a stock
Q68: The Uptowner has 6,000 shares of stock
Q69: Jensen's has 22,000 shares of stock outstanding
Q70: Edie's has 14,500 shares of stock outstanding
Q71: The Retail Outlet has 6,000 shares of
Q72: BJ's Auto Group has 25,000 shares 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