A corporation has 50,000 shares of P28 par value stock outstanding that has a current market value of P150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a. It will not change at all b. P112.00 c. P7.00 d. P37.50 e. P600.00 Kindly give me a step-by-step computation

A corporation has 50,000 shares of P28 par value stock outstanding that has a current market value of P150. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a. It will not change at all b. P112.00 c. P7.00 d. P37.50 e. P600.00 Kindly give me a step-by-step computation

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

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