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Robinson's has 15,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $36 a share. The balance sheet shows $15,000 in the common stock account,$315,000 in the capital in excess of par account,and $189,000 in the retained earnings account. The firm just announced a 3-for-2 stock split. What will the market price per share be after the split?
Structural Power
The ability of a group or institution to shape societal structures, norms, and policies through its control over economic resources, political influence, or social relationships.
Bargaining Power
The capacity of one party, such as a labor union or an employer, to influence the terms of an agreement during negotiations.
Union
An organized association of workers formed to protect and further their rights and interests; typically involved in collective bargaining and labor negotiations.
Managers' Primary Obligation
The fundamental responsibility of managers to ensure the survival and success of the organization by making effective decisions.
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