Question #223691

Gamma Medical’s stock trades at $90 a share. The company is contemplating a 3-for-2 stock split. Assuming that the stock split will have no effect on the market value of its equity, what will be the company’s stock price following the stock split?


1
Expert's answer
2021-08-06T05:10:39-0400
90×23=60\frac{90\times2}{3}=60


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