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Author Question: Initech Inc. has 100 shares outstanding, which are trading for $90. Initech's CFO believes that the ... (Read 89 times)

nummyann

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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


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Marked as best answer by nummyann on Apr 25, 2021

jaaaaaaa

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nummyann

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Reply 2 on: Apr 25, 2021
Excellent


frankwu0507

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Reply 3 on: Yesterday
Wow, this really help

 

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