Before a 5-For-3 Stock Split, the Shares Outstanding Were 45,000

question 109

Multiple Choice

Before a 5-for-3 stock split, the shares outstanding were 45,000 shares at $15 par. After the split, what was the par value and number of shares? (Round any intermediary calculations to two decimal places, and your final answer to the nearest whole number.)

• A)75,150 shares and $25/share
• B)75,150 shares and $9/share
• C)26,946 shares and $25/share
• D)26,946 shares and $9/share

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Definitions:

Yayoi Period

A period in Japanese history from about 300 BCE to 300 CE, characterized by the introduction of rice farming, metallurgy, and new pottery techniques.

Korea

A country in East Asia, located on the Korean Peninsula, known for its rich history and cultural heritage.

China

A country in East Asia, the world's most populous nation, with a rich history that includes the development of one of the earliest civilizations.

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A Shinto shrine complex in Japan that is considered one of the holiest sites in Shinto religion, known for its tradition of rebuilding every 20 years.