Lea owns 800 shares of ABC, Incorporated. On April 6 the corporation instituted a 5-for-2 stock split.
Question:
a. How many shares did Lea hold after the split?
b. What was the post-split price per share?
c. Show that the split was a monetary non-event for Lea.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
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