Golden hearth corporation wholesales ovens and ranges, Ask an Expert

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Golden Hearth Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Golden Hearth Corporation, which had 25,000 shares of common stock outstanding, declared a 5-for-1 stock split (4 additional shares for each share issued).

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

b. If the common stock had a market price of $165 per share before the stock split, what would be an approximate market price per share after the split?

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Corporate Finance, Finance

Category:- Corporate Finance
Reference No.:- M91574454

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