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Wittaler [7]
3 years ago
11

Mercury Industries currently has 300,000 shares of stock outstanding that sell for $75 per share. Assuming no market imperfectio

ns or tax effects exist, what will be the share price after Mercury implements a 5-for-3 stock split
Business
1 answer:
Softa [21]3 years ago
6 0

Answer:

$45

Explanation:

Calculation for Mercury Industries share price after Mercury implements a 5-for-3 stock split

Stock price = Shares of stock outstanding per share× Implemented stock split

Hence,

Stock price=$75 × 3/5

= $45

Therefore what will be the share price after Mercury implements a 5-for-3 stock split would be $45

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All of the following are documents used for inventory control except:______.
damaskus [11]

Answer:

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