Question
Robinson's has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $24.20 a share. The firm
Robinson's has 12,000 shares of stock outstanding with a par value of $1 per share and a market price of $24.20 a share. The firm just announced a four-for-three stock split. What will the market price per share be after the split?
Multiple Choice
- $30.46
- $17.65
- $18.15
- $32.27
- $18.25
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
