Aa is a pharmaceutical company and plants

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Reference no: EM13962734

AA is a pharmaceutical company and plants to 
             adopt a stock splits by giving 4 stocks for 3 existing stocks
The current stock price per share is $60
The company's managers believe the total market value would
              increase by 5%
This is because of the expected improvement in companies' liquidity that will follow the company's plan
Find the stock's expected price immediately after the stock split.
1. $45
2. $47.25
3. $50
4. $52.50

Reference no: EM13962734

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