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
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
Problem 1PS
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Question
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa6e5354a-af81-4083-9a8b-a2eadb950c57%2Fa2f4add6-6411-424f-9c26-42ef0124ab20%2Fafy87o_processed.png&w=3840&q=75)
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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