Today the price of DEVA ( a firm which produce pharmacy product whose stock trade in Borsa İstanbul)  is 81 TL per share. Mr. Tolga currently has 1000 shares of Deva. Let us assume that this afternoon DEVA announces a 60%  stock split while the price of DEVA is 81 TL per share at the time of anouncement. 

Given that par value of Deva is 10 TL per share; What will be the price of DEVA per share after the stock split?  What will be the wealth of Mr. Tolga before and after stock split?

Answer rating: 100% (QA)

Stock Split Calculations for DEVA Scenario DEVA a pharmacy company listed on Borsa stanbul currently ... View the full answer