Solution-At what price would you expect the stock to trade

At what price would you expect the stock to trade

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Question - On March 31, 2020, ABC Corporation received authorization to issue Rs. 50,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2020 and issued at face value.

Prepare the journal entry at September 30, 2011, to record the semi-annual bond interest payment.

The common stock of ABC Corporation was trading at $50 per share on October 15, 2018. A year later, on October 15, 2019, it was trading at $80 per share. On this date, ABC's board of directors decided to split the company's common stock.

If the company decides on a 2-for-1 split, at what price would you expect the stock to trade immediately after the split goes into effect?

Reference no: EM132784781

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At what price would you expect the stock to trade

Reference no: EM132784781

Reference no: EM132784781

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