Solved: Assume that you own 1800 shares of 10 par value common, Accounting Basics

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Assume that you own 1800 shares of 10 par value common

Question - Assume that you own 1,800 shares of $10 par value common stock and the company has a 5-for-1 stock split when the market price per share is $45.00

Required:

How many shares of common stock will you own after the stock split?

What will probably happen to the market price per share of the stock?

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Accounting Basics: Assume that you own 1800 shares of 10 par value common

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Accounting Basics: Assume that you own 1800 shares of 10 par value common

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