Asked by Sue
Joshua originalle bought two hundred shares of stock three years ago. The company has since had a 2 for 1 stock split. Joshua's entire investment in stock has increased in value by 20%. He originally paid $8,600 for the stock. What is the current price per share of?
The initial price was 8600 for 200 shared. A 20% increase in value is
8,600+(8,600*0.20) = $10,320. And that value is for 400 shares. Price per share is
10,320/400 =??
The initial price was 8600 for 200 shared. A 20% increase in value is
8,600+(8,600*0.20) = $10,320. And that value is for 400 shares. Price per share is
10,320/400 =??
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