Keys Financial has done extremely well in recent years, and its stock now sells for $175 per
Fantastic news! We've Found the answer you've been seeking!
Question:
Keys Financial has done extremely well in recent years, and its stock now sells for $175 per share. Management wants to get the price down to a more typical level, which it thinks is $25 per share. What stock split would be required to get to this price, assuming the transaction has no effect on the total market value? Put another way, how many new shares should be given per one old share?
a ) 6.65
b) 6.98
c) 7.00
d) 7.35
e) 7.72
Related Book For
Labor Relations and Collective Bargaining Private and Public Sectors
ISBN: 978-0132730013
10th edition
Authors: Michael R. Carrell, Christina Heavrin J.D
Posted Date: