Question
Suppose you own 5% of Lexington Corporation's 200,000 outstanding common shares. The stock was trading for $165 per share before the firm's executives announced a
Suppose you own 5% of Lexington Corporation's 200,000 outstanding common shares. The stock was trading for $165 per share before the firm's executives announced a 3-for-2 stock split. After the split, you will own _____ shares worth _____ per share.
6,667; $247.50
10,000; $165
10,000; $110
15,000; $165
15,000; $110
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
