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Homework answers / question archive / A corporation has 50,000 shares of $25 par stock outstanding

A corporation has 50,000 shares of $25 par stock outstanding

Finance

A corporation has 50,000 shares of $25 par stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be

a)16,666 shares

b) 50,000 shares

c) 150,000 shares

d) 100,000 shares

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Computation of the number of shares outstanding after the split:-

Number of shares outstanding after split = Number of shares outstanding * 3-for-1 stock split

= 50,000 * 3

= 150,000 shares

Hence, the correct option is c) 150,000 shares

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