Question
Today the price of DEVA ( a firm which produce pharmacy product whose stock trade in Borsa stanbul) is 24 TL per share. Mr. Tolga
Today the price of DEVA ( a firm which produce pharmacy product whose stock trade in Borsa stanbul) is 24 TL per share. Mr. Tolga currently has 1000 shares of Deva. Let us assume that this afternoon DEVA announces a 60% stock split while the price of DEVA is 24 TL per share at the time of anouncement. Given that par value of Deva is 5 TL per share; What will be the price of DEVA per share after the stock split? What will be the wealth of Mr. Tolga before and after stock split?
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
