Answer:
The market price per share is $2.12
Explanation:
For computing the market price per share, we have to apply the method which is shown below:
= Market price × stock split ratio
where,
Market price per share is $6.37
Stock split is one for three
= $6.37 × 1 ÷ 3
= $2.12
In stock split, we divide 1 by 3 to get the correct to get the accurate market price per share. The three for 1 fraction is wrong which gives wrong value. So, we use the one for three fraction.
Hence, the market price per share is $2.12
