Helena Corporation Declared a 2-For-1 Stock Split on 8,000 Shares $\begin{array}{ccc}\text { Par value}&\text { Number of Shares }&\text { Market Value }\\\end{array}$

question 72

Multiple Choice

Helena Corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split, the par value, number of shares, and approximate market value after the split would be: $\begin{array}{ccc}\text { Par value}&\text { Number of Shares }&\text { Market Value }\\\end{array}$
A. $\begin{array}{ccc}&\$ 6.00 &&& 16,000 &&&&&& \$ 12.50 \\\end{array}$

B. $\begin{array}{ccc}&\$ 6.00 &&& 8,000 &&&&&&& \$ 25.50 \\\end{array}$

C. $\begin{array}{ccc}&\$ 3.00 &&& 16,000 &&&&&& \$ 12.50 \\\end{array}$

D. $\begin{array}{ccc}&\$ 3.00 &&& 16.000 &&&&&& \$ 25.00\end{array}$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D

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