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Assume that you own 183 shares of General Dynamics Corp (GD) selling at $348 per share. In order to make the stock more affordable
Assume that you own 183 shares of General Dynamics Corp (GD) selling at $348 per share. In order to make the stock more affordable for the average Investor, GD's management has decided to split the stock. a. How much was your investment worth prior to the split? b. Assuming GD's management decides to split the stock three-for-one, how many shares would you own after the split? c. What would the new price per share be immediately after the split? d. How much would your investment be worth after the three-for-one split? a. Prior, to the split the investment is worth (Round to the nearest dollar) b. Assuming GD's management decides to split the stock three for one, the number of shares you would own after the split is (Round to the nearest whole number) c. The new price per share immediately after the split is $(Round to the nearest dollar) d. After the three-for-one split, the investment is worth $ (Round to the nearest dollar)
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