Zamfir Corporation has a current price of $75 per share. It has declared a 5 for 3 share split. Given this information, determine the share price after the split.

Question

Quizplus · Accepted Answer

In a 5 for 3 share split, for every 3 shares someone owns, they now have 5 shares. To find the new price per share, divide the old price by the ratio of the split (5/3). So, $75 divided by (5/3) equals $45.

Zamfir Corporation Has a Current Price of $75 Per Share