Gamma Medical's stock trades at $90 a share. The company is contemplating a 3-for-2 stock split. Assuming that the stocks split will have no effect on the total market value of its equity, what will be the company's stock price following the stock split?© BrainMass Inc. brainmass.com October 1, 2020, 5:11 pm ad1c9bdddf
3 for 2= One additional share for every two shares held (multiply number by 1.5 for new total).
Thus suppose there ...
The solution calculates a company's stock price following the stock split.