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16 July, 09:21

The Peanut Shack has 6,000 shares of stock outstanding with a par value of $1 per share. The current market value of the firm is $145,600. The company just announced a 3-for-2 stock split. What will the market price per share be after the split?

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  1. 16 July, 10:32
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    The market price per share be after the split will be $16.18

    Explanation:

    shares outstanding after stock split = 6000*3/2

    = 9,000

    market price per share = 145,600/9000

    = $16.18

    Therefore, The market price per share be after the split will be $16.18
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