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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?

Respuesta :

Karabo99

Answer:

The market price per share be after the split will be $16.18

Explanation:

shares outstanding after stock split = 6000*3/2

                                                            = 9,000

market price per share = 145,600/9000

                                      = $16.18

Therefore, The market price per share be after the split will be $16.18