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Robinson's has 15,000 shares of stock outstanding with a par value of $1.00 per share and a market price of $36 a share. The balance sheet shows $15,000 in the common stock account,$315,000 in the capital in excess of par account,and $189,000 in the retained earnings account. The firm just announced a 3-for-2 stock split. What will the market price per share be after the split?
Utility Function
An analytic depiction of the way individuals order assortments of items based on their contentment or value received.
Equivalent Variation
A monetary measure of the change in utility or satisfaction that a consumer experiences due to a change in prices, holding utility constant.
Consumption
The use of goods and services by households or individuals for personal satisfaction or need.
Utility Function
A mathematical representation of how a set of goods or services provide a level of satisfaction or utility to an individual or entity.
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