XYZ Corporation Issued a Four-For-One Stock Split

question 74

Multiple Choice

XYZ Corporation issued a four-for-one stock split.The number of outstanding shares before the split was 20,000 and the par value was $24 per share.After the split,what was the par value per share and number of shares?

• A)80,000 shares and $24 per share
• B)80,000 shares and $12 per share
• C)80,000 shares and $6 per share
• D)80,000 shares and $18 per share

Analyze how the imposition of taxes affects producer and consumer behavior.

Determine the incidence of taxation and how it is divided between consumers and producers.

Identify the shift in supply and demand curves due to taxation.

Evaluate the effects of taxes on market equilibrium, including changes in quantity and price.

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Definitions:

Illusory Correlation

The perception of a relationship between two variables when no such relationship exists, often leading to cognitive biases.

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is greater than their objective accuracy.

Hindsight Bias

is the tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" effect.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome.