Ginos restaurant corporation wholesales ovens and ranges to, Ask an Expert

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Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 33,000 shares of common stock outstanding, declared a 4-for-1 stocksplit.

a. What will be the number of shares outstanding after the split? shares

b. If the common stock had a market price of $108 per share before the stock split, what would be an approximate market price per share after the split?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9969987

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