ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par...

profileshalee2

ABC Corporation offered a four-for-one stock split. The number of outstanding shares before the split was 15,000, and the par value was $20 per share. After the split, what was the par value and number of shares?

  A. 3,750 shares at $80 per share

  B. 60,000 shares at $80 per share

  C. 60,000 shares at $5 per share

  D. 3,750 shares at $5 per share

    • 9 years ago
    • 999999.99
    Answer(2)

    Purchase the answer to view it

    blurred-text
    NOT RATED

    Purchase the answer to view it

    blurred-text
    NOT RATED
    Bids(0)