Stock Splits Bainbridge Corporation Recently Patented an Extraordinary Invention That Will Allow
Stock 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 common stock has soared to $160 per share.Bainbridge is about to announce a 4-for-1 stock split.Explain why the company would take this action?
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