Howard, Fine & Howard Distributors currently has five million common shares outstanding. The company recently announced a 3 for 2 stock split. The company’s current market capitalization was $65 million. Assuming the market capitalization is the same at the time of the split, what will be the company’s adjusted share price after the split?

Answer rating: 100% (QA)

ANSWER To calculate the companys adjusted share price following the stock split we must first define ... View the full answer