Question
At the beginning of the year, a stock's share price was $60. In March, it had a 3:5 reverse split and in June it paid
At the beginning of the year, a stock's share price was $60. In March, it had a 3:5 reverse split and in June it paid $5 dividends. It closed the year with the share price of $45. What was the return for the stock for the year?
Step by Step Solution
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Step: 1
To calculate the return for the stock for the year we need to consider the reverse split ...
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
