An investor owns 27.47 million shares in Risky Business at the start of this year. The company

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An investor owns 27.47 million shares in Risky Business at the start of this year. The company is an Australian firm currently trading on the ASX and it is about to announce a 3—for-1 stock split. Two days after the stock split, the stock price was $27,97/share and it was $92.96/share at the start of this year.

The value of Risky Business shares owned by the investor two days after the stock split would be $ million?

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

ISBN: 978-1337614689

9th edition

Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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Posted Date: Mar 29, 2023 12:24 AM

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An investor owns 27.47 million shares in Risky Business at the start of this year. The company

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The investor would have three times as many shares as they did before to the ... View the full answer

Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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