Abc communications recently completed a 5-for-3 stock split, Financial Management

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Abc communications recently completed a 5-for-3 stock split

ABC Communications recently completed a 5-for-3 stock split. Prior to the split, its stock price was $70 per share. The firm's total market value increased by 20% as a result of the split. What was the price of the company’s stock following the stock split? a. $50.4 b. $67.2 c. $61.6 d. $46.2

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Financial Management: Abc communications recently completed a 5-for-3 stock split

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Financial Management: Abc communications recently completed a 5-for-3 stock split

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