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On Friday, August 28, 2020, the stock of Tesla Inc. closed at $2,227.82 per share. On the following Monday, the company split its stock
On Friday, August 28, 2020, the stock of Tesla Inc. closed at $2,227.82 per share. On the following Monday, the company split its stock 5-for-1, and the stock price traded for $447.59 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? The price of Tesla immediately after the split is predicted to be $ per share. (Round to the nearest cent.)
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