needtomeetgoals needtomeetgoals
  • 25-02-2024
  • Mathematics
contestada

Octavius Origami declares a 4-for-1 stock split. The current price is $82.00 per share, and you own 300 shares. What is your wealth after the split?

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itzamirv2
itzamirv2 itzamirv2
  • 25-02-2024

After the 4-for-1 stock split, the number of shares you own will increase by a factor of 4, while the price per share will decrease by a factor of 4.

So, after the split, you will own \(300 × 4 = 1200\) shares, and the price per share will be \(82.00 ÷ 4 = 20.50\).

Therefore, your wealth after the split will be \(1200 × 20.50 = $24,600.00\).

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kelly4394z kelly4394z
  • 25-02-2024
Si por qué es importante para la salud
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