A company has just announced a 3-for-1 stock split, Ask an Expert

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A company has just announced a 3-for-1 stock split, effective immediately. Prior to the split, the company had a market value of $5 billion with 100 million shares outstanding. Assuming that the split conveys no new information about the company, what is the value of the company, the number of shares outstanding, and price per share after the split?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92865247

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