Question
A company has 380,000 shares outstanding that sell for $89.01 per share. The company plans a 4-for-1 stock split. Assuming no market imperfections or
A company has 380,000 shares outstanding that sell for $89.01 per share. The company plans a 4-for-1 stock split. Assuming no market imperfections or tax effects, what will the stock price be after the split?
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Corporate Finance
Authors: David Hillier, Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan, Jeffrey F. Jaffe
3rd Edition
0077173635, 9780077173630
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