Question
Northern Pacific Corporations stock trades at $60 a share. The company is contemplating a 5-for-3 stock split. Assuming the stock split will have no effect
Northern Pacific Corporations stock trades at $60 a share. The company is contemplating a 5-for-3 stock split. Assuming the stock split will have no effect on the total market value of its equity, what will be the companys stock price following the stock split?
- A. $38
- B. $40
- C. $39
- D. $37
- E. $3 6
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Financial Intelligence
Authors: Income Mastery
1st Edition
1647773210, 978-1647773212
