Weiland, Inc., has 370,000 shares outstanding that sell for $87 per share. The company plans a...

Question

Question

Weiland, Inc., has 370,000 shares outstanding that sell for $87 per share. The company plans a 3-for-2 stock split. How many

business finance

Answer 1

Answer #1

Number of shares would increase and stock price decrease following the split.

Hence shares outstanding after the split=370,000*(3/2)

which is equal to

=555,000 shares.

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Answer 2

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