As the financial manager of firm Max, you are analyzing the financial statement of the firm. You
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Question:
As the financial manager of firm Max, you are analyzing the financial statement of the firm. You find that the market value of total equity is $10 million and there are 11,000 shares of stock outstanding. If firm Max declares an eight-for-one stock split, how would the stock price change? Alternatively, if firm Max declares a dividend of $2.5 per share, how would the stock price change? Assuming there is not tax.
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