Number of shares outstanding-price per share after split

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A company has just announced a 3-for-1 stock split, effective immediately. Prior to the split, the company had a market value of $5 billion with 100 million shares outstanding. Assuming that the split conveys no new information about the company, A. What is the value of the company, the number of shares outstanding, and price per share prior to the split? B. What is the value of the company, the number of shares outstanding, and price per share after the split? C. If the actual market price immediately following the split is $17.00/share, what does this tell us about market efficiency?

Reference no: EM13880595

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