Description of this paper

Alfonzo's Italian House has 25,000 shares of stock

Description

solution


Question

Alfonzo's Italian House has 25,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 a share. The firm just announced a 5-for-3 stock split. What will the market price per share be after the split?

 

Paper#33642 | Written in 18-Jul-2015

Price : $27
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