Question: A company has just announced a 3 - for - 1 stock split, effective immediately. Prior to the split, the company had a market value

A company has just announced a 3-for-1 stock split, effective immediately.
Prior to the split, the company had a market value of $10 billion with 75 million
shares outstanding. Assuming that the split conveys no new information about
the company, what is trle value of the company, the number of shares
outstanding, and price per share after the split?
The market value of the company is $
billion. (Round your response to
the nearest whole number.)
The value of the company depends on whether the split conveys new
information or not.
A company has just announced a 3-for-1 stock split, effective immediately.

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