Question
Loud Music Inc recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. What was the stock price
Loud Music Inc recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. What was the stock price following the split?
| $20.00 | ||
| $480.00 | ||
| $30.00 | ||
| $120.00 | ||
| $40.00 |
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
8th Edition
0357714636, 9780357714638
