Question
35. A stock was trading at $150 per share before its recent 3-for-1 stock split. The 3-for-1 split led to a 5 percent increase in
35. A stock was trading at $150 per share before its recent 3-for-1 stock split. The 3-for-1 split led to a 5 percent increase in the firms market capitalization. Market capitalization equals the stock price times the number of shares. What was the stock price after the stock split?
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| $50/share |
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| $52.5/share |
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| $100/share |
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| $150/share |
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Islamic FinanceA Practical Perspective
Authors: Nafis Alam, Lokesh Gupta, Bala Shanmugam
1st Edition
3319665588, 9783319665580
