Evaluate the price of the companys stocknbspfollowing the

Assignment Help Cost Accounting

Reference no: EM13355749

Evaluate the Price of the company's stock following the stock split.

Albany Motors recently completed a 3-for-1 stock split. Prior to the split, the company had 10 million shares outstanding and its stock price was $150 per share. After the split, the total market value of the company's stock equaled $1.5 billion. What was the price of the company's stock following the stock split?

a. $15

b. $45

c. $50

d. $150

e. $450

Reference no: EM13355749

Questions Cloud

Gain of loss on sale of the 20 interest balance in purples : gain of loss on sale of the 20 interest balance in purples investment.the balance of purple companys investment in

Position after the proposed stock splityou currently own : position after the proposed stock split.you currently own 100 shares of stock in beverly brothers inc. the stock

Redwood systems and forecasting companys incomeredwood : redwood systems and forecasting companys income.redwood systems follows a strict residual dividend policy.nbsp the

Debt common stock and percentage of debt fundallensworth : debt common stock and percentage of debt fund.allensworth motors forecasts that its earnings per share will be 3.00

Evaluate the price of the companys stocknbspfollowing the : evaluate the price of the companys stocknbspfollowing the stock split.albany motors recently completed a 3-for-1 stock

Expected stock price and after the stock spliturlacher : expected stock price and after the stock split.urlacher digitals stock is trading at 120 a share.nbsp the company plans

Erroneously recorded and accounts payableprepare bank : erroneously recorded and accounts payable.prepare bank reconciliation as of 31 oct from the followingathe oct 31 cash

Matching principle of accountingause the horizontal model : matching principle of accounting.ause the horizontal model or write the journal entry to record the payment of a

Difference between ending inventory valuation and cost of : difference between ending inventory valuation and cost of goods sold.cost flow assumptions - fifo and lifo using a

User Account

All Pages