Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of

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Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of $136. If the corporation issues a 5-for-1 stock split, the number of shares outstanding will be

a. 852,500

b. 68,200

c. 341,000

d. 272,800

Related Book For answer-question

Corporate Finance

ISBN: 978-0133097894

3rd edition

Authors: Jonathan Berk and Peter DeMarzo

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Posted Date: Mar 07, 2022 09:12 AM

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Nevada Corporation has 68,200 shares of $25 par stock outstanding that has a current market value of

Question:

Expert Answer:

option C is correct ie 341000 shares nevada corporation has ... View the full answer

Corporate Finance

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