Question
A firm which has 8 million shares outstanding selling at a market price of $57 per share. It declares a three-for-two stock split. Calculate the
A firm which has 8 million shares outstanding selling at a market price of $57 per share. It declares a three-for-two stock split. Calculate the total shares outstanding and new share price after share-split.
a. Shares Outstanding: 15 Million, New Share Price: $ 40
b. Shares Outstanding: 11 Million, New Share Price: $ 38
c. Shares Outstanding: 12 Million, New Share Price: $ 38
d. Shares Outstanding: 10 Million, New Share Price: $ 38
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
