Foundations of Finance (9th Edition) (Pearson Series in Finance)
Foundations of Finance (9th Edition) (Pearson Series in Finance)
9th Edition
ISBN: 9780134083285
Author: Arthur J. Keown, John D. Martin, J. William Petty
Publisher: PEARSON
Question
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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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