Solved: Assume that you own 1200 shares of 10 par value common, Accounting Basics

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Assume that you own 1200 shares of 10 par value common

Assume that you own 1,200 shares of $10 par value common stock and the company has a 5 for 1 stock split when the market price per share is $70.

Required:
a. How many shares of common stock will you own after the stock split?
b. What will probably happen to the market price per share of the stock?
c. What will probably happen to the par value per share of the stock?

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Accounting Basics: Assume that you own 1200 shares of 10 par value common

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Accounting Basics: Assume that you own 1200 shares of 10 par value common

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