SOLUTION: Before a 5- for- 3 stock split, the shares outstanding were 45,000 shares at $15 par. After the split, what was the par value and number of shares? A. 27000 shares and $25/share

SOLUTION: Before a 5- for- 3 stock split, the shares outstanding were 45,000 shares at $15 par. After the split, what was the par value and number of shares? A. 27000 shares and $25/share

Algebra.Com

Question 867058: Before a 5- for- 3 stock split, the shares outstanding were 45,000 shares at $15 par. After the split, what was the par value and number of shares?
A. 27000 shares and $25/share
B. 75000 shares and $25/share
C. 75000 shares and $9/share
D. 27000 shares and $9/share
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
for every 3 that you had you get 5
B. 75000 shares and $25/share
RELATED QUESTIONS
I purchased 300 shares; I purchased 3 times as many shares of common as I did preferred.... (answered by mananth)

Red Rocks Corporation (RRC) currently has 350,000 shares of stock outstanding that sell... (answered by ikleyn)

a company earned $60,000 last year. The capital stock of the company consisted of 15,000... (answered by solver91311)

I do not understand any of this: Week 2 Project Canyon Drilling, Inc. has just come (answered by solver91311)

Hello, my subject is investments hopefully I found the right section. My problem is:... (answered by textot)

I purchased 300 shares; I purchased 3 times as many shares of common as I did preferred.... (answered by Theo)

In four rounds of a recent golf tournament, Lance Gabriel shot 3 under par, 2 over par, 4 (answered by fractalier)

3. Pharmos Incorporated is a Pharmaceutical Company which is considering investing in a... (answered by ikleyn)

Nungesser Corporation’s outstanding bonds have a $1,000 par value, a 9% semiannual... (answered by CPhill)