Determine the number of shares outstanding, Finance Basics

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Determine the number of shares outstanding

Problem

Rob Partnership has 600,000 shares of stock outstanding that sell for $75 per share. Assume no taxes. Determine the number of shares outstanding and the price per share after the following actions:

• 6-for-5 split
• 25 percent stock dividend.

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Finance Basics: Determine the number of shares outstanding

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Finance Basics: Determine the number of shares outstanding

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