Illustrate what will market price per share be after split

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Q. East Coast Marina has 220,000 shares of stock outstanding. The current market value of the organization is $18.92 million. The industry has retained earnings of $3.8 million, paid in surplus of $6.7 million and a common stock account value of $220,000. The industry is planning a 3-for-2 stock split. Illustrate what will the market price per share be after the split?"

Reference no: EM13110716

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