Question
(Stock split) Templeton CareFacilities, Inc. was contemplating a stock dividend. Thefirm's stock price had risen over the last three years and was trading at $245
(Stock split) Templeton CareFacilities, Inc. was contemplating a stock dividend. Thefirm's stock price had risen over the last three years and was trading at $245 per share. Thefirm's board of directors felt that the trading range should be around $49 to $99, so they were initially considering a stock dividendthat, other things remaining thesame, would result in a $49 share price. On secondthought, thefirm's board of directors decided to use a stock split rather than a stockdividend, how many new shares should the firm issue for each outstandingshare?
The necessary stock split factor is _______ (Round to the nearestinteger.)
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