Question
On December 31, 2020, ABC corp had 45 million shares outstanding, which traded for $562.2 per share. On January 13, 2021, the CEO announced a
On December 31, 2020, ABC corp had 45 million shares outstanding, which traded for $562.2 per share. On January 13, 2021, the CEO announced a 10-for-1 stock split. Every shareholder would receive 10 new shares for every old shares held prior to the announcement. What will the stock price be after the split?
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
