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Consider the data in the following table, which shows the close price of a stock over 4 days. Suppose that after closing on 1 /

Consider the data in the following table, which shows the close price of a stock over 4 days. Suppose that after closing on 1/2, there was a 2for-1 stock split. In other words, the prices for days 1/31/4 are from after the stock split, and prices for days 1/11/2 are from before the stock split.
Fill in the adjusted close price for days 1/1 and 1/2 in the table.
Day
Close Price
Adjusted Close Price
1/1 $38
$
1/2 $32
$
1/3 $18.5 $18.5
1/4 $10.75 $10.75
Suppose the price of a stock was $38 before a dividend of $4 was distributed.
The adjusted close price of the stock before the ex-dividend date would be
$
.

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