This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Initech Inc. has 100 shares outstanding, which are trading for $90. Initech's CFO believes that the ... (Read 65 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Apr 25, 2021
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
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by nummyann on Apr 25, 2021

jaaaaaaa

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Apr 25, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 56% of students answer this correctly


nummyann

  • Member
  • Posts: 576
Reply 2 on: Apr 25, 2021
Gracias!

hramirez205

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

A British Bulldog shares a day at the park. A British Bulldog shares a day at the park.
Australopithecus sediba shares small brain size with other members of Australopithecus but also has Australopithecus sediba shares small brain size with other members of Australopithecus but also has
The recently discovered lleret calvaria from Kenya is the smallest H. erectus and shares many traits The recently discovered lleret calvaria from Kenya is the smallest H. erectus and shares many traits
Division sign believes in undivided happiness Division sign believes in undivided happiness
Video: Digestive chemicals - types & enzymes

For a complete list of videos, visit our video library