What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.) Number of shares Par value per share Market price per share

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
Section: Chapter Questions
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On June 30, the board of directors of Sandals, Ic., declares a 2-for-1 stock split on its 11,000, $1 par, common shares. The market price
of Sandals common stock is $16 on June 30.
What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar
values to 2 decimal places.)
Number of shares
Par value per share
Market price per share
Transcribed Image Text:On June 30, the board of directors of Sandals, Ic., declares a 2-for-1 stock split on its 11,000, $1 par, common shares. The market price of Sandals common stock is $16 on June 30. What are the number of shares, par value per share, and market price per share immediately after the 2-for-1 stock split? (Round dollar values to 2 decimal places.) Number of shares Par value per share Market price per share
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