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Della's Pool Halls has 12,000 shares of stock

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Question

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?

 

Paper#33643 | Written in 18-Jul-2015

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