Maurice Tutor

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Category > Accounting Posted 20 Aug 2017 My Price 5.00

Copper Grill Restaurant Corporation

EX 11-20  Effect of stock split                                                                            ObJ.  6

Copper Grill Restaurant Corporation wholesales ovens and ranges to restaurants through- out the Southwest. Copper Grill Restaurant Corporation, which had 50,000 shares of com- mon stock outstanding, declared a 3-for-1 stock split.

a.     What will be the number of shares outstanding after the split?

b.    If the common stock had a market price of $210 per share before the stock split, what would be an approximate market price per share after the split?

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Maurice Tutor
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Status NEW Posted 20 Aug 2017 07:08 PM My Price 5.00

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