F. Bob Dabilder owns 1,200 shares of Lumberjack common stock at a current market price of 90 per share. If Lumberjack splits its stock 3-for-1, what would Bob's position be after the split? 4) Beatriz Omila owns 3,600 shares of Taguro Corp. common stock at a current market price of P2 per share. If Taguro Corp. reverse splits its stock 1-for-5, what would Betty's position be after the split?
F. Bob Dabilder owns 1,200 shares of Lumberjack common stock at a current market price of 90 per share. If Lumberjack splits its stock 3-for-1, what would Bob's position be after the split? 4) Beatriz Omila owns 3,600 shares of Taguro Corp. common stock at a current market price of P2 per share. If Taguro Corp. reverse splits its stock 1-for-5, what would Betty's position be after the split?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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