Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1- You own 600 shares of stock at a price of $3.61 per share. The company has a 1 for 3 reverse split. How many
1- You own 600 shares of stock at a price of $3.61 per share. The company has a 1 for 3 reverse split.
- How many shares are now owned?
- What is the new price/share?
- What is the value of your investment before the split?
- After the split?
- 2- You own 5000 shares of stock at a price of $.45 per share. The company has a 1 for 10 reverse split.
- How many shares are now owned?
- What is the new price/share?
- What is the value of your investment before the split?
- After the split?
- 3- You own 200 shares of stock at a price of $196.24 per share. The company has a 2 for 1 split.
- How many shares are now owned?
- What is the new price/share?
- What is the value of your investment before the split?
- After the split?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Environmental Audits
Authors: Cliff VanGuilder
1st Edition
1938549600, 978-1938549601
