Assume that when you were in high school you saved $2000 to invest for your university education.  You purchased 200 shares of stock. The current price of stock is $15 per shares. Calculate the current number of shares and the market value of your investment for. a) Declared a 2-for-1 stock split Number of shares: Market value: b) Declared a 30% stock dividend Number of shares: Market value: c) Declared a 3-for-2 stock split Number of shares: Market value:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1) Assume that when you were in high school you saved $2000 to invest for your university education.  You purchased 200 shares of stock. The current price of stock is $15 per shares. Calculate the current number of shares and the market value of your investment for.

  1. a) Declared a 2-for-1 stock split

Number of shares:

Market value:

  1. b) Declared a 30% stock dividend

Number of shares:

Market value:

  1. c) Declared a 3-for-2 stock split

Number of shares:

Market value:

 

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