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

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Definitions:

Guaranteeing Personal Freedoms

The act or legal measures designed to protect individuals’ rights and liberties against infringement or oppression.

Crawling

A form of locomotion achieved by moving on hands and knees or hands and feet, typically seen as a developmental milestone in infants.

Motor Activities

Physical actions involving movement and coordination of the muscles and limbs, important in the development of gross and fine motor skills.

Walking

A form of locomotion involving the coordinated movement of the legs to move an individual from one location to another.