Weiland, Inc., has 300,000 shares outstanding that sell for $80 per share. The company plans a...
Weiland, Inc., has 300,000 shares outstanding that sell for $80 per share. The company plans a 5-for-2 stock split. How many shares will be outstanding after the split?
Multiple Choice
-
2,100,000 shares
-
750,000 shares
-
1,425,000 shares
-
120,000 shares
-
450,000 shares
Homework Answers
After the split;number of shares would increase and stock price decrease.
Hence shares outstanding after the split
=300,000*(5/2)
which is equal to
=750,000 shares
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