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Gabby Inc. has 5,000,000 shares of common stock outstanding with a market value of $80 per share. net income for the coming year is expected
Gabby Inc. has 5,000,000 shares of common stock outstanding with a market value of $80 per share. net income for the coming year is expected to be $4,300,000. What impact will a 4 for 1 stock split have on the price of the stock?
| $.86 a share | ||
| $20 a share | ||
| $320 a share | ||
| no change, $80 per share |
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