Congratulations! A stock of which you own 100 shares has just split three for two. Its...
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Congratulations! A stock of which you own 100 shares has just split three for two. Its market price before the split was $30 per share. Now discuss what you would expect to happen with this stock and your ownership interests. |
Homework Answers
number of shares owned by you after stock split
=100*(3/2)
=150
market price after the split=30*(2/3)
=20
impact on ownershipp interest will be nothing because all shares will have the split effect and also you will own the same value in the company after the split
the above is answer..
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