Nico Inc, Which Had 60,000 Shares of Common Stock Outstanding, Declared

question 134

Essay

Nico Inc., which had 60,000 shares of common stock outstanding, declared a 4-for-1 stock split.
(a)What will be the number of shares outstanding after the split?
(b)If the common stock had a market price of $160 per share before the stock split, what would be an approximate market price per share after the split?

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Definitions:

Broken Floorboards

Damaged wooden boards in flooring that may pose a safety hazard or require repair.

Monetary Damages

Compensation that a court awards to an individual or entity as a reimbursement for loss, injury, or suffering, measured in terms of money.

Trauma

A deeply distressing or disturbing experience, which can have long-lasting psychological impacts.

Damages

Monetary compensation awarded to a party in a lawsuit for loss or injury suffered as a result of another party's actions.