Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be: ParValueNo. of SharesMarketValueA.$6.00 16,000 $12.50 B.$6.00 8,000 $25.50 C.$3.00 16,000 $12.50 D.$3.00 16,000 $25.00
A. Choice A
B. Choice B
C. Choice C
D. Choice D
Answer: C
Business
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