Solved: How much is each share most likely selling for after split, Financial Accounting

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How much is each share most likely selling for after split

Response to the following problem:

An investor owns some shares in General Refrigeration & Cooling. The share recently underwent a 5-for-2 share split. If the share was trading at $50 just before the split, how much is each share most likely selling for after the split? If the investor owned 200 shares before the split, how many shares would she own afterwards?

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Financial Accounting: How much is each share most likely selling for after split

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Financial Accounting: How much is each share most likely selling for after split

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