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1. Assume that when you were in high school you saved $2000 to invest for your university education. You purchased 200 shares of stock. The
1. Assume that when you were in high school you saved $2000 to invest for your university education. You purchased 200 shares of stock. The current price of stock is $15 per shares. Calculate the current number of shares and the market value of your investment for (30 points)
a) Declared a 2-for-1 stock split
Number of shares:
Market value:
b) Declared a 30% stock dividend
Number of shares:
Market value:
c) Declared a 3-for-2 stock split
Number of shares:
Market value:
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