Stock Split
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Assume that you own 500 shares of $10 par value common stock of a company and the company has a 2-for-1 stock split when the market price per share is $40.
Required:
(a) How many shares of common stock will you own after the stock split?
Shares of common stock:___________
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Solution Summary
The expert calculates the number of shares after a stock split.
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Assume that you own 500 shares of $10 par value common stock of a company and the company has a 2-for-1 stock split when the market ...
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