Rooney Inc. recently completed a 3-for-2 stock split. Prior to the split, its stock price was $90 per share. The firm's total market value was unchanged by the split. What was the price of the company's stock following the stock split?© BrainMass Inc. brainmass.com June 3, 2020, 10:10 pm ad1c9bdddf
When there is the 3-for-2 stock split, it means that 2 shares are now equal to 3 ...
This solution provides calculations, answers and explanation for determining the price of a stock after a stock split.