Question
Lorita Bagging House has 50,000 shares of stock outstanding with a par value of $1 per share and a market price of $54 a share.
Lorita Bagging House has 50,000 shares of stock outstanding with a par value of $1 per share and a market price of $54 a share. The firm just announced a 6-for-2 stock split. What will the market price per share be after the split?
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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
13th Edition
978-0134083308, 013408330X
