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You currently hold 100 shares of the Splits-Co Company. Splits-Co 1. Split its stock 2 for 1 three days ago 2. Declared a 100% stock
You currently hold 100 shares of the Splits-Co Company. Splits-Co
1. Split its stock 2 for 1 three days ago
2. Declared a 100% stock dividend two days ago
3. Completed a 1 for 4 reverse split one day ago
During this entire period you did not buy or sell shares in Splits-Co. How many shares would you have after each transaction? What would you assume will happen to the price of the firm's stock as a result of these activities?
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