Jackson & Jackson is a globally famous pharmaceutical company with a common stock market capitalization of $500
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Question:
Jackson & Jackson is a globally famous pharmaceutical company with a common stock market capitalization of $500 billion. It has 500 million shares outstanding.
1. What is its share price?
2. Jackson & Jackson announces a 10:1 stock split effective immediately and includes no other information in the announcement. What is the company's stock price after the split?
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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