(Answered) Question - assume that you own 3600 shares of 10 par value

Accounting

Question - Assume that you own 3,600 shares of $10 par value common stock and the company has a 4-for-1 stock split when the market price per share is $68.

Required:

a. How many shares of common stock will you own after the stock split?

b. What will probably happen to the market price per share of the stock?

c. What will probably happen to the par value per share of the stock?

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