What will be the number of shares outstanding after the


Golden Hearth Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Golden Hearth Corporation, which had 25,000 shares of common stock outstanding, declared a 5-for-1 stock split (4 additional shares for each share issued).

a. What will be the number of shares outstanding after the split?

b. If the common stock had a market price of $165 per share before the stock split, what would be an approximate market price per share after the split?

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Corporate Finance: What will be the number of shares outstanding after the
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