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A company has just announced a 3-for-1 stock split, effective immediately. Prior to the split, the company had a market value of $9 billion with
A company has just announced a 3-for-1 stock split, effective immediately. Prior to the split, the company had a market value of $9 billion with 75 million 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 market value of the company is $1 billion. (Round your response to the nearest whole number.)
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