Self-Study Problem 17.04

Management of the Crane Company has just declared a 3-for-1 stock split.

If you own 16,200 shares before the split, how many shares will you own after the split?

Number of shares owned after the stock split ( )shares

What if it were a 1-for-3 reverse stock split?

Number of shares owned after the 1-for-3 reverse stock split ( )shares