Answer to Question #223691 in Economics for Khan

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?

Expert's answer

"\\frac{90\\times2}{3}=60"

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