Q1) Urlacher Digital's stock is trading at $120 share. Company plans to announce a 3-for-2 stock split. Stock split is expected to increase company's market capitalization by 5%. Determine the expected stock price after stock split is completed?
Q2) Albany Motors currently completed a 3-for-1 stock split. Previous to split, company had 10 million shares outstanding and its stock price was $150 per share. After split, total market value of company's stock equaled $1.5 billion. Compute the price of company's stock following stock split?