Robinson's Has 15,000 Shares of Stock Outstanding with a Par

question 80

Multiple Choice

Robinson's has 15,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $24 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?

• A)$16
• B)$24
• C)$42
• D)$48
• E)$54

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Definitions:

Agreeableness

A personality trait that reflects a person's tendency to be compassionate, cooperative, and friendly towards others.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about various aspects of life, not limited to just one specific issue.

Nervous

Characterized by or experiencing a state of unease, anxiety, or apprehension.

Eating Disorder

Psychological disorders characterized by abnormal or disturbed eating habits, which significantly impact health and daily functioning, including anorexia nervosa and bulimia nervosa.