Question
The Meltzer Corporation is contemplating a 7-for-3... Bookmark The Meltzer Corporation is contemplating a 7-for-3 stock split. The current stock price is $75.00 per share,
The Meltzer Corporation is contemplating a 7-for-3... Bookmark The Meltzer Corporation is contemplating a 7-for-3 stock split. The current stock price is $75.00 per share, and the firm believes that its total market value would increase by 5% as a result of the improved liquidity that it thinks would follow the split. What is the stock's expected price following the split?
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Applied Financial Macroeconomics And Investment Strategy
Authors: Robert T McGee
1st Edition
1137428394, 978-1137428394
