14. Comfort realty has 100,000 shares outstanding with a market value of $150/share and a par value...

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14. Comfort realty has 100,000 shares outstanding with a market value of $150/share and a par value of $10 per share. What is the number of shares outstanding and the value of each share when the company does a 3-for-1 stock split?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Feb 28, 2024 05:30 AM

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14. Comfort realty has 100,000 shares outstanding with a market value of $150/share and a par value...

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In a 3for1 stock split each existing share is split into three new shares Therefore t... View the full answer

Foundations of Financial Management

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