An investor owns some stock in Harry's Pottery Inc. The stock recently underwent a 5-for-4 stock split. If the stock was trading at $47.57 per share just before the split, how much is each share most likely selling for after the split? If the investor owned 400 shares of the stock before the split, how many shares would she own afterward?

An investor owns some stock in Harry's Pottery Inc. The stock recently underwent a 5-for-4 stock split. If the stock was trading at $47.57 per share just before the split, how much is each share most likely selling for after the split? If the investor owned 400 shares of the stock before the split, how many shares would she own afterward?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 11P

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Question

100%

An investor owns some stock in Harry's Pottery Inc. The stock recently underwent a

5-for-4

stock split. If the stock was trading at

$47.57

per share just before the split, how much is each share most likely selling for after the split? If the investor owned

400

shares of the stock before the split, how many shares would she own afterward?

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