ABC Corporation just announced a 2-for-1 stock split. Prior…
ABC Corporation just announced a 2-for-1 stock split. Prior to the split the company had a market value of $3.6 billion with 90 million shares outstanding. The split conveys no new information about the ABC Corporation. To receive full credit or to earn partial credit, please do your work on the hand-written page. (Submit with all your hand-written work as the last problem on the exam.) Prior to the split, what was the price per share of ABC Corporation stock? What is the value of ABC Corporation after the split? How many shares will be outstanding after the split? What will the price per share be after the split?