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ABC Company just announced a 2for1 stock split. Prior to the split, the company had a market value of 2.1 billion with 30 million shares
ABC Company just announced a 2for1 stock split. Prior to the split, the company had a market value of 2.1 billion with 30 million shares outstanding. The split conveys no new information about the ABC corporation.
1. Prior to the split, what was the price per share?
2. Value of ABC Corp after the split?
3. How many shares outstanding after the split?
4. Price per share after the split?
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