need help with part 5

Intro Apple has 910 million shares oustanding that currently trade at $403. You own 100 shares IB Attempt 1/10 for 10 pts. Part 1 What is the total value of your shares? 40300 Correct Total value = Price per share * Number of shares =P*N = 403 100 = 40,300 Part 2 IB Attempt 1/10 for 10 pts If Apple does a 3-for-1 stock split, what will be the new share price? 134 33 Correct A 3-for-1 stock split means that every stock will be split into three stocks, tripling the number of shares outstanding The stock split doesn't affect the market value of assets or debt. The market value of equity, or the market capitalization, is thus unaffected, too. The price per share is the market capitalization divided by the number of shares oustanding Prew = MV equity / Nnew = MV equity (3 * Nald) = 1/3 MV equity / Nold = 13 Pold The new share price is thus: Pnew = 1/3 403 = 134.33 B Attempt 1/10 for 10 pts. Part 3 What is the total value of your shares after the stock split? 40300 Correct Total value = PIN = 134.33 300 = 40,300 The value is the same as before. A stock split does not make shareholders better or worse off. So Attempt 1/10 for 10 pts. Part 4 If Apple pays a 20% stock dividend instead of the stock split, what will be the new share price? 335.83 Correct Part 5 What is the total value of your shares after the stock dividend? Attempt 2/10 for 10 0+ decimals Submit