Asked by none
Tamara owns 595 shares of stock in a home appliance company. The value of the stocks is $12.75 per share. The company offers a 5:1 stock split.
How many shares does Tamara own of the company after the stock split?
How many shares does Tamara own of the company after the stock split?
Answers
Answered by
oobleck
5:1 means 5 times as many shares, each worth 1/5 as much.
The net worth of the company has not changed.
The net worth of the company has not changed.
Answered by
fartmaster
2975 I think
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