Question

In: Accounting

1- You own 600 shares of stock at a price of $3.61 per share. The company...

1- You own 600 shares of stock at a price of $3.61 per share. The company has a 1 for 3 reverse split.

  • How many shares are now owned?
  • What is the new price/share?
  • What is the value of your investment before the split?
  • After the split?
  • 2- You own 5000 shares of stock at a price of $.45 per share. The company has a 1 for 10 reverse split.
    • How many shares are now owned?
    • What is the new price/share?
  • What is the value of your investment before the split?
  • After the split?
  • 3- You own 200 shares of stock at a price of $196.24 per share. The company has a 2 for 1 split.
  • How many shares are now owned?
  • What is the new price/share?
  • What is the value of your investment before the split?
  • After the split?

Solutions

Expert Solution

for formulas and calculations, refer to the image below -

ekkarill92 answered 1 year ago
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