Foundations Of Finance
Foundations Of Finance
10th Edition
ISBN: 9780134897264
Author: KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher: Pearson,
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Chapter 13, Problem 1.1MC
Summary Introduction

Case summary:

The person I possess 8 percent of the company S’s 30,000 shares of common stock, which most recently traded for a price of $98 per share. The company has since announced its plans to lock in in a 2-for-1 stock part.

To determine: The financial position be after the stock split.

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