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Jenjen1018 Jenjen1018
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3 years ago
Initech Inc. has 100 shares outstanding, which are trading for $90. Initech's CFO believes that the $90 stock price makes the stock too expensive for retail investor, since buying a board lot requires an investment of $9,000. To lower the price, Initech has announced a 2-for-1 stock split. What is the price after the split?

▸ $45

▸ $90

▸ $100

▸ $180
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 2nd
Authors:
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aircarteraircarter
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3 years ago
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