8.8 Stock Splits 1. Victor owned 240 shares of a stock before the corporation instituted a 7-for-4 split. Before the split, the stock was selling at $22 a share. How many shares does Victor now have and what is each stock worth?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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8.8 Stock Splits
1. Victor owned 240 shares of a stock before the corporation instituted a 7-for-4 split. Before the
split, the stock was selling at $22 a share. How many shares does Victor now have and what is
each stock worth?
Transcribed Image Text:8.8 Stock Splits 1. Victor owned 240 shares of a stock before the corporation instituted a 7-for-4 split. Before the split, the stock was selling at $22 a share. How many shares does Victor now have and what is each stock worth?
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