Problemgamma medicals stock trades at 135 a share the, Ask an Expert

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Problem:

Gamma Medical's stock trades at $135 a share. The company is contemplating a 3-for-2 stock split.

Requirement:

Question: Assuming that the stock split will have no effect on the market value of its equity, what will is the company's stock price following the stock split?

Note: Please show how you came up with the solution.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172773

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