Problem:
Smith J Truck, Inc recently completed a 2-for-1 stock split. Prior to the split, the company had 20 million shares outstanding and its stock price was $45 per share. After the split, the total market value of the company's stock equaled $900 million.
Required:
Question: What was the price per share of the company's stock following the stock split?
Note: Please show how you came up with the solution.