Pohlman Corp. is considering a 3-for-1 stock split. The stock currently sells for $48 per share. (a)

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Pohlman Corp. is considering a 3-for-1 stock split. The stock currently sells for $48 per share.

(a) What will the price of the stock be after the split?

(b) Before the split, you have 100 shares of Pohlman. How many shares do you have after the split?

(c) What was the value of your investment (if you have 100 shares before the split) before and after the split? How has the split changed (or not changed) the overall value of your investment in Pohlman?

Related Book For answer-question

Foundations of Finance The Logic and Practice of Financial Management

ISBN: 978-0132994873

8th edition

Authors: Arthur J. Keown, John D. Martin, J. William Petty

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Posted Date: Jul 25, 2023 02:08 AM

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Pohlman Corp. is considering a 3-for-1 stock split. The stock currently sells for $48 per share. (a)

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Expert Answer:

a After a 3for1 stock split the number of shares will increase while the price per share dec... View the full answer

Foundations of Finance The Logic and Practice of Financial Management

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