On June 5, CIGNA instituted a 3-for-1 stock split. Before the split, CIGNA had 200 million shares
Question:
a. How many shares were outstanding after the split?
b. What was the post-split price per share?
c. Show that this split was a monetary non-event for the corporation.
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a 3 1 x 200M x 600M b Since this w...View the full answer
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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