1. A company has just a a-for-I stock split, effective immediately. Prior to the split, the com...

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1. A company has just a a-for-I stock split, effective immediately. Prior to the split, the com runy had a market value of 55 billion %hth 100 lion shares Outstanding Assuming that the split conveys no new information about the company, what is the value Of the Company, the number Of shares outstanding, and price per share after the split? the actual Itiarket price immediately lowing the split $17.00 per share. what does this teli us about market efficiency?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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