Question
A company has 350,000 shares outstanding that sell for $85.62 per share. The company plans a 2-for-1 stock split. Assuming no market imperfections or tax
A company has 350,000 shares outstanding that sell for $85.62 per share. The company plans a 2-for-1 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?
Multiple Choice
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$85.62
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$67.27
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$42.81
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$48.93
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$171.24
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
