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 outstancing 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 outstancing 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 outstancing 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 $240 \$ 240 $240

A Corporation, Which Had 20,000 Shares of Common Stock Outstanding $\$ 240$