Question
Rhodes Co. currently has 180,000 shares of stock outstanding at a market price per share of $42. Today, the firm announced a 5-for-2 stock split.
Rhodes Co. currently has 180,000 shares of stock outstanding at a market price per share of $42. Today, the firm announced a 5-for-2 stock split. Ann currently owns 300 shares of Rhodes Co. stock. After the split, Ann will own ______ shares that will have a value of _____ per share.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
