Question
In August 2020, Tesla (TSLA) conducted a 5-for-1 share split. Immediately prior to the split, TSLA shares had been trading for $2,213.40 and they had
In August 2020, Tesla (TSLA) conducted a 5-for-1 share split. Immediately prior to the split, TSLA shares had been trading for $2,213.40 and they had 189.58 million shares outstanding. Ignoring any other market changes, what was the share price and how many shares will be outstanding immediately after the split?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Management EMEA Theory And Practice
Authors: Michael Ehrhardt, Roland Fox, Eugene Brigham
2nd Edition
1473760216, 9781473760219
