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    How do you calculate the new price of a share after a stock split?

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    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?

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    Solution Preview

    When there is the 3-for-2 stock split, it means that 2 shares are now equal to 3 ...

    Solution Summary

    This solution provides calculations, answers and explanation for determining the price of a stock after a stock split.