Verbal Communications, Inc., has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $32

Verbal Communications, Inc., has 14,000 shares of stock outstanding with a par value of $1 per share and a market value of $32 per share. The firm just announced a 100 percent stock dividend. What is the market value per share after the dividend?    A.  $16.00 B.  $23.00 C.  $32.00 D.  $46.00 E.  $64.00 Market value per share = (14,000 × $32)/(14,000 × 2) = $16

72.

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?    A.  9,000 shares B.  10,000 shares C.  12,000 shares D.  14,600 shares E.  16,000 shares Number of shares = 12,000 × 4/3 = 16,000 shares

73.

Alfonzo's Italian House has 25,000 shares of stock outstanding with a par value of $1 per share and a market price of $28 a share. The firm just announced a 5-for-3 stock split. What will the market price per share be after the split?    A.  $16.80 B.  $21.60 C.  $28.00 D.  $46.67 E.  $56.00 Market price per share = $28 × 3/5 = $16.80