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The Peanut Shack has 6,000 shares of stock outstanding

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Question

The Peanut Shack has 6,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $145,600. The company just announced a 3-for-2 stock split. What will the market price per share be after the split?

 

Paper#33653 | Written in 18-Jul-2015

Price : $27
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