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What is the theoretical price of the new shares on april

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Question - It is the 14th April 2021. A company's shares are currently trading at $20.8 and they proposes to have a 25% split; that is, four new shares for one existing share. The company's is about to pay a 18 cent to its shareholders on the 15th of April. The share price has been trading ex-dividend since April 13th to reflect this. April 15th is also the first day where the shares reflect their ex-split price. What is the theoretical price of the new shares on April 15th?

Reference no: EM133187224

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