Question

Toy World reported the following information: common stock, $1.50 par; 400,000 shares authorized; 200,000 shares issued and outstanding.

Required:
What is the typical effect of a 3-for-1 stock split on the information Toy World reports above? If the market value of the common stock is $30 per share when the stock split is declared, what would you expect the approximate market value per share to be immediately after the split?


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  • CreatedSeptember 22, 2015
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