 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Effect of Stock Splits-Help
Gino's Restaurant Corporation wholesales ovens and ranges to restaurants throughout the Midwest. Gino's Restaurant Corporation, which had 100,000 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 $200 per share before the stock split, what would be an approximate market price per share after the split? |
||||
Check out some similar questions!
PharmGen, a pharmaceutical company, was founded two years ago. Like most pharmaceutical companies, PharmGen did not make any profits in its first two years of operations since the company spent heavily on research & development to create new drugs. However, in order to continue to attract...
My Mom died in 2002 and had 187 shares of AT&T Corp Com at that time. How many stock splits have occurred since then? I'm showing that we have 389 shares now and am trying to determine the correct basis.
Here are my questions and what I came up with. Please let me know if this is correct or point me in the right direction, thanks. a. For the year ended December 31, 2005, Finco, Inc. reported an earnings per share of $3.12. During 2006 the company had a 3-for-1 stock split. Calculate the 2005...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
