If Flying Horse Corp. splits 5:4, the presplit $.40 par value of the common stock would now be adjusted to:
A) 0.32.
B) 0.3.
C) 0.4.
D) 0.48.
Answer: A) 0.32.
Investments MCQ
Equity Securities
If Flying Horse Corp. splits 5:4, the presplit $.40 par value of the common stock would now be adjusted to: