When Tandy (RadioShack) Corporation announced a 2:1 stock split, the company had 97 million shares outstanding, trading
Question:
When Tandy (RadioShack) Corporation announced a 2:1 stock split, the company had 97 million shares outstanding, trading at $100 per share.
a. Estimate the number of shares outstanding and market price per share immediately after the split.
b. Estimate the company’s overall market value, and explain whether you expect the company’s overall market value to change due to the split.
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Step by Step Answer:
a The number of shares outstanding after the split would be 19...View the full answer
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