Market price per share after the stock split

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Reference no: EM13918637

Assume that you own 200 shares of $5 par value common stock and the company has a 3-for-1 stock split when the market price is $30 per share.

a. How many shares of stock will you own after the split?

b. What will happen to the market price per share after the stock split?

c. What will happen to the par value after the stock split?

Reference no: EM13918637

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