Price of the company stock following the stock split
Question: Rooney Inc. recently completed a 3-for-2 stock split. Prior to the split, its stock price was $90 per share. The firm's total market value was unchanged by the split. What was the price of the company's stock following the stock split?
Now Priced at $20 (50% Discount)
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The firm's total market value was unchanged by the split. What was the price of the company's stock following the stock split?
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