10. Grullon Co. is considering a 8-for-3 stock split. The current stock price is $70.00 per share What is the stock's expected price following the split?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
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10. Grullon Co. is considering a 8-for-3 stock split. The current stock price is $70.00 per
share What is the stock's expected price following the split?
Transcribed Image Text:10. Grullon Co. is considering a 8-for-3 stock split. The current stock price is $70.00 per share What is the stock's expected price following the split?
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