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What would equity value of investments be after stock split

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Reference no: EM132915185

Problem 1: Frederic's Ltd in Vancouver has 47,500 shares of stock outstanding with a par value of $1.00 per share and a market price of $27 a share. The firm just announced a 3-for-2 stock split. Solin owns 900 shares of this company before the stock split. What would the equity value of her investments be after the stock split?

Reference no: EM132915185

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