Before a Three-For-One Stock Split,the Shares Outstanding Were 5,000 Shares

question 101

Multiple Choice

Before a three-for-one stock split,the shares outstanding were 5,000 shares at $12 par.After the split,what was the par and number of shares?

• A)15,000 shares at $12 per share
• B)20,000 shares at $6 per share
• C)15,000 shares at $4 per share
• D)5,000 shares at $48 per share