Question
Lorita Bagging House has 50,000 shares of stock outstanding with a par value of $1 per share and a market price of $62 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 $62 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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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
