Assume that when you were in high school you saved $1,000 to invest for your college education. You purchased 200 shares of Smiley Incorporated,
Assume that when you were in high school you saved $1,000 to invest for your college education. You purchased 200 shares of Smiley Incorporated, a small but growing company. Over the three years that you have owned the stock, the corporation's board of directors has taken the following actions. 1. Declared a 2-for-1 stock split. 2. Declared a 20 percent stock dividend. 3. Declared a 3-for-1 stock split. The current price of the stock is $12 per share. a. Calculate the current number of shares and the market value of your investment. Current number of shares Market value
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