Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its
stock sold for $80 per share. The firm's total market value was unchanged by the
split. Other things held constant, what is the best estimate of the stock's post-split
price?
$240
$120
$26.40
$22.40
$26.67
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Transcribed Image Text:Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $80 per share. The firm's total market value was unchanged by the split. Other things held constant, what is the best estimate of the stock's post-split price? $240 $120 $26.40 $22.40 $26.67
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