Before a Three-For-One Stock Split,the Shares Outstanding Were 4,000 Shares

question 86

Multiple Choice

Before a three-for-one stock split,the shares outstanding were 4,000 shares at $9 par.After the split,what was the par value per share and number of shares?

• A)12,000 shares at $9 per share
• B)12,000 shares at $3 per share
• C)12,000 shares at $6 per share
• D)4,000 shares at $27 per share

---

Definitions:

Investment In-Kind

Contributions of goods, services, or other non-monetary assets to an investment or project rather than cash.

Surplus Labor

The part of the labor force that exceeds the amount needed for the current level of production.

Earthen Dams

Structures built from natural materials like earth and rock, primarily used to retain water and prevent flooding.

Unconditional Cash Transfers

Anti-poverty programs that give cash transfers (grants) to poor individuals with no strings attached in the hope that the recipients will improve their economic prospects by spending the money on either education or physical capital.