Burney Chemicals has stock price Rs.150 per share. They have recently completed a 3-for-1 stock split. Prior to the split, the company had 10 million shares outstanding. After the split, the total...



Burney Chemicals has stock price Rs.150 per share. They have recently completed a 3-for-1 stock split.  Prior to the split, the company had 10 million shares outstanding. After the split, the total market value of the company’s stock equaled Rs.1.5 billion.  What was the price of the company’s stock following the stock split?




Jun 02, 2022
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