electrofy456
27.08.2019 •
Business
Della's pool halls has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $39 a share. the firm just announced a 4-for-3 stock split. how many shares of stock will be outstanding after the split
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Ответ:
16,000 shares will be outstanding.
Explanation:
Given;
Number of outstanding stocks = 12,000
par value per share = $ 1
Market price per share = $ 39
stock split = 4 for 3 i.e the stockholders will receive 4 shares if they are having 3 shares.
or by using the concept of unitary method
3 existing shares = 4 shares will be issued.
or
1 existing share = ( 4/3 ) shares will be issued.
thus,
for 12,000 existing shares = (4 / 3 ) × 12,000 shares will be issued.
or
12,000 existing shares = 16,000 shares will be issued.
hence,
16,000 shares will be outstanding.
Ответ:
I would define it as the desire or enthusiasm to do something