Description of this paper

What was the price of the company?s stock following the stock split?

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solution


Question

Nistelroy Communications recently completed a 3-for-1 stock split. Prior to the split, its stock price was $120 per share. The firm's total market value increased by 5% as a result of the split. What was the price of the company?s stock following the stock split?

 

Paper#22942 | Written in 18-Jul-2015

Price : $37
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