Company's stock price following the stock split
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Company x's stock trades at $90 a share. the company is contemplating a 3-for-2 stock split. assuming that the stock split will have no effect on the market value of its equity, what would be the company's stock price following the stock split?
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Solution Summary
The response provides steps to compute the company's stock price following the stock split.
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Stock split is a 3 for 2 stock split means that investors will receive three shares ...
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