West wind inc. has 5000000 shares of common stock, Ask an Expert

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West Wind, Inc. has 5,000,000 shares of common stock outstanding with a market value of $60 per share. Net income for the coming year is expected to be $6,900,000. What impact will a three-for-one split have on the earnings per share and on the price of stock?

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M952417

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