Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The Uptowner has 11,000 shares of stock outstanding with a par value of $1 per share and a market value of $14 per share. The balance sheet shows $11,000 in the common stock account, $60,300 in the capital in excess of par value account, and $72,100 in the retained earnings account. The firm just announced a large stock dividend of 65 percent. What is the value of the common stock account after the dividend?

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