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Mercury Industries currently has 300,000 shares of stock outstanding that sell for $75 per share. Assuming no market imperfections or tax effects exist, what will be the share price after Mercury implements a 5-for-3 stock split

Respuesta :

abiolataiwo2015

Answer:

$45

Explanation:

Calculation for Mercury Industries share price after Mercury implements a 5-for-3 stock split

Stock price = Shares of stock outstanding per share× Implemented stock split

Hence,

Stock price=$75 × 3/5

= $45

Therefore what will be the share price after Mercury implements a 5-for-3 stock split would be $45