Question
Let's say I have a company called Big & Thicc Clothing who has not paid any dividends recently. It has 3000 stocks in the marketplace.
Let's say I have a company called Big & Thicc Clothing who has not paid any dividends recently. It has 3000 stocks in the marketplace. These stocks are trading at $15/share today. Then the company gets wild and decides to execute a stock split (5 for 3). With this info in mind ...
Q1: what would its adjusted stock price be?
Q2: what would number of stocks available in the market after stock split be?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the adjusted stock price after a stock split we need to divide the c...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
