The Common Stock of Checkers,Inc

question 37

Multiple Choice

The common stock of Checkers,Inc.is selling for $56 a share and the par value per share is $1.Currently,the firm has a total market value of $812,000.How many shares of stock will be outstanding if the firm does a 3-for-2 stock split?

• A)9,667 shares
• B)12,500 shares
• C)14,500 shares
• D)17,750 shares
• E)21,750 shares

---

Definitions:

Control Circuit

A low-power circuit used to control the operation of a main circuit or device, often involving relays, switches, and sensors.

Eleven-Pin

Refers to a type of connector or relay base with eleven pins used for electrical or electronic connections.

Ice Cube Relay

A compact, square-shaped plug-in relay often used for control circuits, recognizable by its clear or translucent casing.

Two-Position

A type of control or device that has two distinct settings or positions, such as "on/off" or "open/closed."