Question
Prior to a 2-for-1 stock split, Marcus, Inc. stock sold for $120 per share. If the firm's total market value increased by 6% as a
Prior to a 2-for-1 stock split, Marcus, Inc. stock sold for $120 per share. If the firm's total market value increased by 6% as a result of increased liquidity caused by the split, what was the stock price following the split?
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
