Question: Loud Music Inc recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. What was the stock price

Loud Music Inc recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. What was the stock price following the split?

		$20.00
		$480.00
		$30.00
		$120.00
		$40.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Loud Music Inc recently completed a 3-for-1 stock split. Prior to the reverse split, its stock sold for $120 per share. What was the stock price following the reverse split? $20.00 $480.00 $30.00...

(a) Wholesale Products recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $420 per share. If the firm's total market value increased by 10% as a result of increased...

If the company's required rate of return is 10%, find the project's NPV, IRR, PI, and paybach period. Which project they should invest in? 11-A company recently completed a 3-for-1 stock split. Prior...

29. Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $120 per share. The firm's total market value was unchanged by the split. Other things held...

use excel and show formula please As assistant to the CFO of Jackson Inc., you must estimate the Year I cash flow for a project with the following data. What is the Year 1 cash flow? Do not round the...

Name: 28. Which of the following statements about dividend policies is CORRECT? a One key advantage of the residual dividend model is that it enables a company to b. The a stable dividend policy...

Toombs media corp. recently completed a 3-for-1 stock split. Prior to the split its stock sold for $150 per share and there was 3,100,000 shares outstanding. If the total market value was unchanged...

QUESTION 18 4 points Save Answer Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $80 per share. The firm's total market value was unchanged by the...

Jackson Corp. recently completed a 3-for-1 stock split. 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,...

Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $170 per share. The firm's total market value was unchanged by the split. Other things held...

As a certain sound wave travels through the air, it produces pressure variations (above and below atmospheric pressure) given by P = 1.27 sin (x 340t) in SI units. Find (a) The amplitude of the...

Given the BJT transistor characteristics of Fig. 4.111: In Figure 4.111 a. Draw a load line on the characteristics determined by E = 21V and RC = 3 kÎ© for a fixed-bias configuration. b....

Exercise 1-12 (Algo) Analysis using the accounting equation LO P1 Zen began a new consulting firm on January 5. Following are total account balances after each of the company's first five...

why should conflict not be avoided?

2. Learning. Test the trainees to determine whether they learned the principles, skills, and facts they were supposed to learn.pg 87

4. Results. Probably most important, ask, What results did we achieve, in terms of the training objectives previously set? For example, did the number of customer complaints diminish? Reactions,...

7 How can a culture encourage ethical (or unethical) behaviour?