South shore limited has 21000 shares of stock outstanding


South Shore Limited has 21,000 shares of stock outstanding with a par value of $1 per share and a market price of $7.50 a share. The firm just announced a 5-for-2 stock split. What will the par value of the stock be after the split?

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Financial Management: South shore limited has 21000 shares of stock outstanding
Reference No:- TGS01397697

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