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What will probably happen to the market price per share of the stock and the par value per share of the stock? Multiple Choice A) Market price per share will be

What will probably happen to the market price per share of the stock and the par value per share of the stock? Multiple Choice A) Market price per share will be

FINANCIAL ACCOUNTING
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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Assume that you own 1,500 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $30.

What will probably happen to the market price per share of the stock and the par value per share of the stock?

Multiple Choice

A) Market price per share will be about $6 per share, and par value will be $2 per share.

B) Market price per share will be about $6 per share, and par value will be $50 per share.

C) Market price per share will be about $150 per share, and par value will be $2 per share.

D) Market price per share will be about $150 per share, and par value will be $50 per share.

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