question archive The common stock of ABC Corporation was trading at $50 per share on October 15, 2018
The common stock of ABC Corporation was trading at $50 per share on October 15, 2018
Subject:AccountingPrice: Bought3
The common stock of ABC Corporation was trading at $50 per share on October 15, 2018. A year later, on October 15, 2019, it was trading at $80 per share. On this date, ABC's board of directors decided to split the company's common stock.
Why do you think ABC's board of directors decided to split the company's stock?
