Gamma Medicals stock trades at $90 a share. The company is contemplating a 3-for-2 stock split. Assuming
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Gamma Medicals stock trades at $90 a share. The company is contemplating a 3-for-2 stock split. Assuming that the stock split will have no effect on the total market value of its equity, what will be the company’s stock price following the stock split?
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P 0 90 Split 3 for 2 New P 0 Initial stock trades 90 Splits to stock ratio ...View the full answer
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Related Book For 
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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