Question

BBQ Corp. had a 3:1 stock split ratio. Pre-split the company had 1.35 Million outstanding shares at a price of $72.45 per share.

Answer 1

The number of outstanding shares that BBQ Corp. will have post-split, given the number of outstanding shares is, 4, 050, 000 shares

What is a stock split?

A stock split refers to when the number of outstanding shares that a company has, are divided into a certain number of shares which is based on the split ratio.

For a 3:1 stock split ratio, the number of outstanding shares will be split into three shares each.

BBQ Corp. has 1. 35 million shares so post - split, they will have:

= Outstanding shares x  3

= 1, 350, 000 x  3

= 4, 050, 000 shares

Find out more on stock splits at brainly.com/question/14247504

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