Business, 22.07.2019 23:40 brookephillips9111

Companies sometimes employ stock splits to bring down the price of its shares so that the stock is more attractive to potential investors. consider the case of green moose industries: green moose industries currently has 15,000 shares of common stock outstanding. its management believes that its current stock price of $90 per share is too high. the company is planning to conduct a 3-for-1 stock split. if green moose industries declares a 3-for-1 stock split, what will be the price of the company’s stock after the split—assuming that the total value of the firm’s stock remains the same before and after the split—should be per share? blue elk manufacturing is one of green moose’s leading competitors.

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