Microsoft has 890 million shares that currently trade at $399. You own 100 shares. Part (1)...
Microsoft has 890 million shares that currently trade at $399. You own 100 shares.
Part (1)
What is the total value of your shares?
Part (2)
If Apple does a 3-for-1 stock split, what will be the new share price?
Part (3)
What is the total value of your shares after the stock split?
Part (4)
If Apple pays a 20% stock dividend instead of the stock split, what will be the new share price?
Part (5)
What is the total value of your shares after the stock dividend?
Homework Answers
1.
Total Value = 399(100) = $39,900
2.
New Share Price = 399/3 = $133
3.
Total Value = 133(300) = $39,900
4.
New Share Price = 399/1.2 = $332.50
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Microsoft has 890 million shares that currently trade at $399.
You own 100 shares.
Part (1)...
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