Determining the price of the company stock


Howard Contracting recently completed a 3-for-1 stock split. Prior to the split, its stock price was $150 per share. The firm's total market value was unchanged by the split. What was the price of the company's stock following the stock split?

$ 50.00

$ 60.00

$ 90.00

$120.00

$150.00

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Finance Basics: Determining the price of the company stock
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