Question
STOCK SPLIT Emergency Medical's stock trades at $70 a share. The company is contemplating a 3-for-1 stock split. Assuming that the stock split will have
STOCK SPLIT
Emergency Medical's stock trades at $70 a share. The company is contemplating a 3-for-1 stock split. Assuming that the stock split will have no effect on the market value of its equity, what will be the company's stock price following the stock split? Round your answer to the nearest cent.
$
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The Oxford Handbook Of Computational Economics And Finance
Authors: Shu-Heng Chen, Mak Kaboudan, Ye-Rong Du
1st Edition
0199844372, 978-0199844371
