Question
Suppose that, back in the day, my grandmother Cornelia Salt built a dairy farm empire and was famous for her healthy but bitter milk beverage
Suppose that, back in the day, my grandmother Cornelia Salt built a dairy farm empire and was famous
for her healthy but bitter milk beverage called Nurse Salt. Nurse Salt, Inc, (NSI) went public on July
4th, 1976 to celebrate our country's bicentennial. It was initially called the "Salt of America." Since
then, every day on our country's birthday, NSI provides a 7-for-4 stock split. NSI also has stated that it
will begin issuing an annual 77.6% percent stock dividend beginning in the year 2000 on top of its
usual 7-for-4 stock split. If you bought only one share of NSI on November 2, 2005, how shares of
stock would you have on October 1, 2010?
A. 258,280,326
B. 290
C. 4,760
D. 29
E. 47,600
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