Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. a company has just announced a 3-for-1 stock split

A company has just announced a 3-for-1 stock split, effective immediately. Prior to the split,...

60.1K

Verified Solution

Question

Finance

image

A company has just announced a 3-for-1 stock split, effective immediately. Prior to the split, the company had a market value of $8 billion with 75 million shares outstanding. With no other information available, what is the value of the company, the number of shares outstanding, and price per share after the split? The market value of the company is $ billion. (Round your response to the nearest whole number.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(1 point) Is the point (?4,?5,3) visible from the point (4,5,0) if there is an opaque...

Basic Math
Q

In a large population of college-educated adults, the mean IQ is 118 with a standard deviation...

Statistics
Q

What is product feedback inhibition? Explain how product feedback inhibition happens in Lac operon.

Biology
Q

In matlab.write a program that converts a numerical date given by the user into a month,...

Mechanical Engineering
Q

Explain the benefits and drawbacks of conducting IQ tests in general and its use in schools.

Psychology
Q

plat m 2 face each other 5 0 cm apart with equal charge magnitudes q...

Physics
Q

1 A conical paper cup 3 inches across the top and 4 inches deep is...

Calculus
Q

Simplify the given expression 7t u 5t u 8t u 7t u

Algebra
Q

a. Equipment with a book value of $80,000 and an original...

Accounting
Q

On December 1, 20X1, Micro World Inc. entered into a 120-day forward contract to purchase...

Accounting
Q

Dont understand how to do this! Help Required information SB (Static) The following...

Accounting
Q

1. JTL Co. just paid a dividend of $2. Dividends are expected to grow at...

Accounting