Last week, Weschler Paint Corp. completed a 3-for-1 stock split. Immediately Prior to the split, its stock sold for $160 per share. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post-split price?

Answer rating: 100% (QA)

The best estimate of the stocks postsplit price is 5333 per share ... View the full answer