kathy633 kathy633

19-12-2022
Business

Answered

A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 2-for-1 stock split, the market value of the stock is expected to
a. fall to approximately $5.
b. fall to approximately $60.
c. remain the same.
d. fall to approximately $25.

Answer :

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