Question: XYZ Corp recently declared a 8-for-2 stock split. Prior to the split the stock sold for $75/share. The firms total market value is unchanged by

XYZ Corp recently declared a 8-for-2 stock split. Prior to the split the stock sold for $75/share. The firms total market value is unchanged by the split. What is the stock price after the split?

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!

XYZ Corp recently declared a 8-for-2 stock split. Prior to the split the stock sold for $75/share. The firm's total market value is unchanged by the split. What is the stock price after the split

a)Companys board of directors declare regular dividends on January 15, 2021 to the holders of record on February 16, 2021 with payment date of April 1, 2021. What will be the ex-dividend date? (Look...

B Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what will the stock price be...

26) Purple Hedgehog Forestry is considering using more equity and less debt in its capil statements best describes 26 how this will affect the firm's annual dividend, assuming that all other factors...

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...

28. Becker Financial recently declared a 2-for-1 stock split. Prior to the split, the stock sold for $70 per share. If the firm's total market value is unchanged by the split, what will the stock...

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...

19. The federal government sometimes taxes dividends and capital gains at different rates. Other things held constant, an decrease in the tax rate on dividends relative to that on capital gains would...

QUESTION 23 Tombstone Mining Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $90 per share. The firm's total market value was unchanged by the split. Other...

Preston Industries recently declared a 3-for-1 stock split. Prior to the split, the stock sold for $115 per share. If the firm's total market value is unchanged by the split, what will the stock...

Jim favors progressive taxation and equal after-tax pay for equal work. Comment.

On December 1, 2019, Geneva Jordan opened her new business with the following assets and liabilities. Accounts Payable Cash Prepaid Rent Loans Payable 26,200 Supplies $ 2,100 $ 7,000 3,750 15,000...

Which of the following statements is NOT a reasonable Fundamental investing consideration?Question 7 Select one:a . Jonathan advised his client that tax considerations should be a primary decision -...

2011 Cost of Goods sold $ 3,210.00 Interest $ 215.00 Dividens $ 160.00 Depreciation $ 375.00 Change in retained earnings $ 360.00 Tax rate 35% What is the taxable income in 2011 ?