Xyz has 400000 shares of common stock outstanding a pe, Financial Management

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Xyz has 400000 shares of common stock outstanding a pe

XYZ has 400,000 shares of common stock outstanding, a P/E ratio of 8, and $500,000 in net income. The board of directors has just voted in favor of the 3-for-2 stock split. You owned 100 shares before the stock split. How many shares will you own after the split?

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Financial Management: Xyz has 400000 shares of common stock outstanding a pe

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Financial Management: Xyz has 400000 shares of common stock outstanding a pe

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