Problem 10-09

In Year 1, VF Corporation split its stock two for one. On the day prior to the split, the stock sold for $241.90. What is the anticipated price of the stock when the split is effective? Round your answer to the nearest cent.

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On the day that the split was effective, VF stock closed at $121.72. What was the change in the price of the stock? Round your answer to the nearest cent. Use a minus sign to enter a negative value, if any.

$