Alpha Metals Product has 300,000 common shares outstanding, which were sold for an average price of $10 per share. The company has retained earnings of $1,861,000. If Alpha Metals Products declares a 3 for 1 stock split, what will be the total value of the company’s  equity account after the split?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Alpha Metals Product has 300,000 common shares outstanding, which were sold for an average price of $10 per share. The company has retained earnings of $1,861,000. If Alpha Metals Products declares a 3 for 1 stock split, what will be the total value of the company’s  equity account after the split?

 

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