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Stock Splits Bainbridge Corporation Recently Patented an Extraordinary Invention That Will Allow

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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?


Definitions:

Working Memory

An intellectual capacity system with limitations, meant for short-duration information retention for processing requirements.

Implicit

Something understood or implied without being stated openly; often refers to unconscious attitudes or beliefs.

Sensory

Relating to or involving the senses or sensation.

Procedural Memory

A type of long-term memory involved in the unconscious memory of skills and how to perform certain procedures.

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