Saskatchewan Corp. is considering a 12-for-3 stock split. The current stock price is $81 per share, and the firm believes that its total market value would increase by 2% as a result of the improved liquidity that it thinks would follow the split. Calculate What is the stock's expected price.

Answer rating: 100% (QA)

A stock split increases the number of shares outstanding and reduces the price per share proportiona... View the full answer