EBK CFIN
EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Question 2
Suppose you own 5% of Coastal Corporation's 400,000 outstanding common shares. The stock was trading for
$165 per share before Coastal executives announced a 3-for-2 stock split. After the split, you will own
shares worth
per share.
30,000; $110
22,500; $110
O 10,000; $165
O 30,000; $165
1 pts
O 15,000; $110
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Transcribed Image Text:Question 2 Suppose you own 5% of Coastal Corporation's 400,000 outstanding common shares. The stock was trading for $165 per share before Coastal executives announced a 3-for-2 stock split. After the split, you will own shares worth per share. 30,000; $110 22,500; $110 O 10,000; $165 O 30,000; $165 1 pts O 15,000; $110
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EBK CFIN
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ISBN:9781337671743
Author:BESLEY
Publisher:CENGAGE LEARNING - CONSIGNMENT