A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be
A) 120,000 shares
B) 40,000 shares
C) 80,000 shares
D) 13,333 shares
A
You might also like to view...
The general journal is a chronological record of all transactions
Indicate whether the statement is true or false
Beige Inc. has to choose from three projects whose internal rates of return (IRRs) are more than the marginal cost of capital (MCC). Beige should choose those projects that _____.?
A. ?minimize the marginal cost of capital B. ?maximize the excess of internal rate of return over marginal costs C. ?maximize the dividend payout D. ?maximize the cash flow from investment in projects E. ?minimize the rate of return to the investors
What is the main difference between a generic market and a product-market?
A. A product-market is usually larger than a generic market. B. Sellers in a generic market are more concerned with prices than sellers in a product-market. C. Product-markets usually don't involve competition, but generic markets do. D. A generic-market involves a less similar set of needs than does a product-market. E. There is no difference between the two.
Two conditions are used to determine whether a stock is in equilibrium: (1) Does the stock's market price equal its intrinsic value as seen by the marginal investor, and (2) does the expected return on the stock as seen by the marginal investor equal his or her required return? If either of these conditions, but not necessarily both, holds, then the stock is said to be in equilibrium.
Answer the following statement true (T) or false (F)