Pohlman Corp. is considering a 3-for-1 stock split. The stock currently sells for $48 per share. (a)
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Question:
Pohlman Corp. is considering a 3-for-1 stock split. The stock currently sells for $48 per share.
(a) What will the price of the stock be after the split?
(b) Before the split, you have 100 shares of Pohlman. How many shares do you have after the split?
(c) What was the value of your investment (if you have 100 shares before the split) before and after the split? How has the split changed (or not changed) the overall value of your investment in Pohlman?
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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