Eastern Shipping stock trades at $120 a share. The company is contemplating a 5-for-2 stock split. Assuming

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Eastern Shipping stock trades at $120 a share. The company is contemplating a 5-for-2 stock split. Assuming that the stock split will have no effect on the total market value of its equity, what will be the company's stock price following the stock split?
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Financial Management Theory and Practice

ISBN: 978-0176517304

2nd Canadian edition

Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason

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