Rambo company stock was trading at $150 per share before its recent 3-1 stock split. The 3-1 split lead to a 5 percent increase in tarheels market capitalization. (Market capitalization equals the stock price times the number of shares). What was tarheels price after the stock split.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
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Rambo company stock was trading at $150 per share before its recent 3-1 stock split. The 3-1 split lead to a 5 percent increase in tarheels market capitalization. (Market capitalization equals the stock price times the number of shares). What was tarheels price after the stock split. 

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