Ballpark Has 61,000 Shares of $16

question 203

Multiple Choice

Ballpark has 61,000 shares of $16.00 par common stock outstanding.Ballpark announces a stock split of 4-for-1.What is the effect of the split?

• A) par stays at $16.00; total shares increase to 15,250
• B) par drops to $8.00; total shares stay at 61,000
• C) par drops to $4.00; total shares increase to 244,000
• D) par goes to $64.00; total shares increase to 244,000

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