Answer :
Answer:
$96.67
Explanation:
The computation of the stock price after the stock split is shown below:
= Price per share ÷ three ÷ two
= $145 ÷ 3 ÷ 2
= $145 ÷ 1.5
= $96.67
We simply divide the price per share by the stock split ratio i.e 3 for 2 so that the accurate price could be computed. Hence, all the information which is given in the question is relevant and we take the same while computing it
The amount of the company’s stock price following the stock split will be $96.67.
Given data
Stock trades at $145 a share.
Firm contemplating a 3-for-2 stock split
What will the stock price equals after the stock split?
= Price per share / 3 /2
= $145 / 1.5
= $96.67
Therefore, the amount of the company’s stock price following the stock split will be $96.67.
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