Question
ABC Communications recently completed a 5-for-4 stock split. Prior to the split, its stock price was $70 per share. The firm's total market value increased
ABC Communications recently completed a 5-for-4 stock split. Prior to the split, its stock price was $70 per share. The firm's total market value increased by 20% as a result of the split. What was the price of the companys stock following the stock split?
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
