Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I am having diffuclty answering question b. a. If the par value of Oracle shares was originally $2, what would Oracle Corp. report as par
I am having diffuclty answering question b.
a. If the par value of Oracle shares was originally $2, what would Oracle Corp. report as par value per share on its 2015 balance sheet? Compute the revised par value after each stock split. Round answers to three decimal places. Revised Par Effective Date Value March 9, 1987 December 21, 1987 $ 0.5 June 16, 1989 0.25 November 8, 1993 0.083 0.056 0.037 0.025 February 22, 1995 April 16, 1996 August 15, 1997 February 26, 1999 January 18, 2000 S 0.013 October 12, 2000 0.007 b. On May 10, 2016, Oracle stock traded for about $60. All things equal, if Oracle had never had a stock split, what would a share of Oracle have traded for that same day? Round answer to the nearest dollar. 17,143
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