Mathematics, 19.08.2021 20:50 Gigglygoose4181
On June 5, CIGNA instituted a 3-for-1 stock split. Before the split,
CIGNA had 200 million shares with a price of $168 per share.
.
a. How many shares were outstanding after the split?
b. What was the post-split price per share?
c. Show that this split was a monetary non-event for the
corporation.
Answers: 1
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On June 5, CIGNA instituted a 3-for-1 stock split. Before the split,
CIGNA had 200 million shares...
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