Question
Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $60 per share. If the firm's total market value
Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $60 per share. If the firm's total market value is unchanged by the split, what will the stock price be following the split? Please show your work
| a. | $20.40 |
| b. | $17.14 |
| c. | $14.74 |
| d. | $16.80 |
| e. | $13.54 |
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Finance Accumulation And Monetary Power
Authors: Daniel Woodley
1st Edition
0367338556, 978-0367338558
