Bundle: Fundamentals of Financial Management, 14th + LMS Integrated for MindTap Finance, 1 term (6 months) Printed Access Card
Bundle: Fundamentals of Financial Management, 14th + LMS Integrated for MindTap Finance, 1 term (6 months) Printed Access Card
14th Edition
ISBN: 9781305776494
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning
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Chapter 15, Problem 2P
Summary Introduction

To calculate: Stock price after the splitting 3 for 2 stocks.

Stock split: When a company has large number of outstanding shares, then the board of directors decided to issue more shares to current shareholders, which resulted in decreasing the number of outstanding shares and increasing the shares prices.

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