Answer:
The market price per share after the split would be of $16.40
Explanation:
In order to calculate the market price per share after the split we would have to calculate first the shares outstanding after stock split as follows:
According to the given data The firm just announced a stock split of three-for-two
Therefore, shares outstanding after stock split = 17,000 * 3/2 = 25,500
Therefore, price per share after split = 17,000 * $24.60/25,500
Price per share after split =$16.40
The market price per share after the split would be of $16.40
