Share Splits. Bainbridge Corporation Recently Patented an Extraordinary Invention That Will Allow
Share splits.
Bainbridge Corporation recently patented an extraordinary invention that will allow average homeowners to cheaply generate a large fraction of the electricity consumed in their houses. As a result, the market price of Bainbridge's ordinary share has soared to $160 per share. Bainbridge is about to announce a 4 for 1 share split. Explain why the company would take this action?
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