Question
Mary purchased 1,000 shares of Lucky Boots for $500 per share in 2010. Since then, Lucky Boots has had two stock splits: 4-for-1 in 2015
Mary purchased 1,000 shares of Lucky Boots for $500 per share in 2010. Since then, Lucky Boots has had two stock splits: 4-for-1 in 2015 and 3-for-1 in 2020. What are the number and price of shares Mary owns today? Assume no capital gains.
| Mary owns 8,000 shares for $75 each | ||
| Mary owns 12,000 shares for $42.67 each | ||
| Mary owns 4,000 shares for $125 each | ||
| Mary owns 5,000 shares for $100 each |
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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
2nd Edition
0765625229, 9780765625229
