Burney Chemicals has stock price Rs.150 per share. They have recently completed a 3-for-1 stock split.  Prior to the split, the company had 10 million shares outstanding. After the split, the total market value of the company’s stock equaled Rs.1.5 billion.  What was the price of the company’s stock following the stock split?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.