Question
Company X has 20M shares outstanding at $21 per share. Management has announced a 2 for 1 stock split. What would be the new market
Company X has 20M shares outstanding at $21 per share. Management has announced a 2 for 1 stock split. What would be the new market cap of the company Y?
$600M
$1200M
$420M
$50M
$200M
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
