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
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A. 27000 shares and $25/share
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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):
