Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question 8
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a. A company whose share is selling for $28.68 announces a stock split of 8-for-
3. The company has 21, 990 shares on issue. How many more shares will be on
the issue when the stock split is complete (please round to the nearest whole
share):
b. What will be the price after the split
Please round your answer to two decimal places (if necessary), and don't insert a
comma (,) or dollar sign in your answer.
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Transcribed Image Text:Question 8 Not yet answered a. A company whose share is selling for $28.68 announces a stock split of 8-for- 3. The company has 21, 990 shares on issue. How many more shares will be on the issue when the stock split is complete (please round to the nearest whole share): b. What will be the price after the split Please round your answer to two decimal places (if necessary), and don't insert a comma (,) or dollar sign in your answer.
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