A Common Stock Is Selling for $63 a Share

question 82

Multiple Choice

A common stock is selling for $63 a share.The par value per share is $1 and the total market value of the firm is $94,500.How many shares of stock will be outstanding if the firm does a 3-for-1 stock split?

• A)500 shares
• B)1,000 shares
• C)3,000 shares
• D)3,500 shares
• E)4,500 shares

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Definitions:

Systolic Pressure

The maximum arterial blood pressure during heart contraction, measured in millimeters of mercury (mmHg).

Diastolic Pressure

The pressure in the arteries when the heart rests between beats, representing the minimum arterial pressure during relaxation.

Velocity

The speed of an object in a given direction.

Cross-Sectional Area

A measurement of the size of a cross-section of a three-dimensional object, often used to calculate properties like flow and resistance.