Question

+ izzes - Personal Financial Planr X quizzing/user/attempt/quiz_start_frame auto.d21?ou=77500378isprv= &drc=0&qi=78034678cfql=08dnb=0 fouTube vestments 1 hr One Attempt Only Carmecia Walker: Attempt 2 Time Left:0:46:42 A company's board of directors approved a 2-for-1 stock split. If you owned 280 shares before the stock split at $22.61 per share, how much would your shares be worth in total immediately after the split?

Answer 1

No. of Shares before Stock Split = 280 Stock Split ratio 2 for 1 No. of shares after Stock Split = 280*2 560 Share Price after Stock Split 22.61/2 11.305 Total Shares Worth after Split = 560*11.305 = $ 6,330.80