On March 1, Florida Blue instituted a 5-for-2 stock split. Before the split, Florida Blue had 150 million shares with a price of $205 per share. a) How many shares were outstanding after the split? b) What was the post-split price per share?

On March 1, Florida Blue instituted a 5-for-2 stock split. Before the split, Florida Blue had 150 million shares with a price of $205 per share. a) How many shares were outstanding after the split? b) What was the post-split price per share?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

On March 1, Florida Blue instituted a 5-for-2 stock split. Before the split, Florida Blue had 150 million shares with a price of $205 per share.

a) How many shares were outstanding after the split?
b) What was the post-split price per share?

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