Question
On Friday, August 28, 2020, the stock of Tesla Inc. closed at $2,213.40 per share. On the following Monday, the company split its stock 5-for-1,
On Friday, August 28, 2020, the stock of Tesla Inc. closed at $2,213.40 per share. On the following Monday, the company split its stock 5-for-1, and the stock price traded for $444.61 per share. Were Tesla shareholders better off, worse off, or in the same position after the split compared with before? What return did they earn from Friday to Monday?
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
