Mary purchased 1,000 shares of Lucky Boots for $500 per share in 2010. Since then, Lucky Boots has had two stock splits: 2-for-1 in 2015 and 3-for-1 in 2020. What are the number and price of shares Mary owns today? Assume no capital gains. Mary owns 500 shares for $250 each Mary owns 450 shares for $750 each Mary owns 167 shares for $1000 each Mary owns 6,000 shares for $83.33 each
Mary purchased 1,000 shares of Lucky Boots for $500 per share in 2010. Since then, Lucky Boots has had two stock splits: 2-for-1 in 2015 and 3-for-1 in 2020. What are the number and price of shares Mary owns today? Assume no capital gains. Mary owns 500 shares for $250 each Mary owns 450 shares for $750 each Mary owns 167 shares for $1000 each Mary owns 6,000 shares for $83.33 each
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Mary purchased 1,000 shares of Lucky Boots for $500 per share in 2010. Since then, Lucky Boots has had two stock splits: 2-for-1 in 2015 and 3-for-1 in 2020. What are the number and price of shares Mary owns today? Assume no
Mary owns 500 shares for $250 each |
||
Mary owns 450 shares for $750 each |
||
Mary owns 167 shares for $1000 each |
||
Mary owns 6,000 shares for $83.33 each |
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