Assume that you own 3,600 shares of $10 par value common stock and the company has a 4 for 1 stock split when the market price share is $68.00.

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Chapter12: Investing In Stocks And Bonds
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Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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Assume that you own 3,600 shares of $10 par value common stock and the company has a 4 for 1 stock split when the market price share is $68.00.

How many shares of common stock will you own after the stock split? What will probably happen to the market price per share of the stock? What will probably happen to the per value per share of the stock?

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