The Common Stock of Checkers, Inc

question 275

Multiple Choice

The common stock of Checkers, Inc. is selling for $40 a share. The par value per share is $1. Currently, the firm has a total market value of $78,600. How many shares of stock will be outstanding if the firm does a 5-for-3 stock split?

• A) 1,179 shares
• B) 1,965 shares
• C) 2,555 shares
• D) 3,275 shares
• E) 5,895 shares

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Definitions:

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