Travis Company has 10,000 shares of common stock with a par value of P10 per stock. A 2-for-1 stock split is made. The market price of the stock was P16 prior to the split. What will the market price per share be immediately subsequent to the stock split? * a. P4 b. P6 c. P8 d. P10 e. None of the above

Travis Company has 10,000 shares of common stock with a par value of P10 per stock. A 2-for-1 stock split is made. The market price of the stock was P16 prior to the split. What will the market price per share be immediately subsequent to the stock split? * a. P4 b. P6 c. P8 d. P10 e. None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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