On June 19, Note Quest Inc. instituted a 3-for-2 split. At that time Keisha owned 205 shares
Question:
On June 19, Note Quest Inc. instituted a 3-for-2 split. At that time Keisha owned 205 shares of that stock. The price per share was $33.99. After the split, Keisha received a check for a fractional part of a share. What was the amount of that check?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (7 reviews)
Example 23 of a share so her new total is 49 of a share Example 3...View the full answer
Answered By
Brian Otieno
I'm Brian , an experienced professional freelancer with countless hours of success in freelancing many subjects in different disciplines. Specifically, I have handled many subjects and excelled in many disciplines. I have worked on many Computer Science projects and have been able to achieve a lot in that field. Additionally, I have handled other disciplines like History, Humanities, Social Sciences, Political science, Health care and life science, and Religion / Theology. My experience generally in these subjects has made me able to deliver high-quality projects in a very timely fashion. I am very reliable at my job and will get the work done in time, no matter what. In Addition, I have managed to ensure that the work meets my client's expectations and does not cause an error. I am a hard-working and diligent person who is highly responsible for everything I do. Generally, Freelancing has made me more accountable for doing my job. Additionally, I have had a passion for writing for the last seven years in this field.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
The price per share of your all-equity firm is $30, and there are 2M shares outstanding. Suppose that your firm issues $20M worth of debt. The debt has a face value of $20M, a coupon rate of 5...
-
The following frequency distribution shows the price per share of the 30 companies in the Dow Jones Industrial Average (Barron's, February 2, 2009). a. Compute the mean price per share and the...
-
The following frequency distribution shows the price per share for a sample of 30 companies listed on the New York Stock Exchange. Price per Share Frequency $20-29 7 $30-39 4 $40-49 6 $50-59 4...
-
In the figure below, which compares different DNA extraction kits (e.g, MO BIO and PSP), which one of the two trees shows the co-occurrence of microbial taxa? Proportion of max 0 0.2 0.4 0.6 0.8...
-
Consider the principles, assumptions, and constraints of Generally Accepted Accounting Principles (GAAP). Define the revenue recognition principle and explain why it is important to users of...
-
(a) A green laser pointer emits light with a wavelength of 532 nm. What is the frequency of this light? (b) What is theenergy of one of these photons? (c) The laser pointer emits light because...
-
Find the autocorrelation function of a random process whose power spectral density is given by \(S(\omega)=S_{0}=\) constant between the frequencies \(\omega_{1}\) and \(\omega_{2}\).
-
Davis Corporation was authorized to issue 100,000 shares of $10 par common stock and 50,000 shares of $50 par, 6 percent, cumulative preferred stock. Davis Corporation completed the following...
-
Assume a 75.0-kg rider undergoes a constant acceleration and reaches a maximum speed of 40.0 mph during the first 5.10 m of the trip. What is the apparent weight of the rider during this time?
-
As a recently hired assistant loans officer for a major bank you are tasked with assisting the loans officer in determining what to do when a 45 million dollar loan to a company called Hobby Horse...
-
During 2003, a share of stock in Coca-Cola Co sold for $39. Michelle bought 300 shares. During 2008, the price hit $56 per share, but she decided to keep them. By 2016, the price of a share had...
-
Use a spreadsheet to determine the 7-day SMA. 7-Apr 24.60 14-Apr 22.51 21-Apr 25.03 8-Apr 23.76 15-Apr 22.80 22-Apr 25.12 9-Apr 23.58 16-Apr 23.44 23-Apr 24.63 17-Apr 24.03 24-Apr 25.76 10-Apr 23.71...
-
Solve Exercises 1318 by using the simplex method. Maximize subject to 5x1 + 4x x1 + 5x 70 3x1 + 2x2 54 and x 0, x 0.
-
Old Way Products is a company that was founded last year. While the outlook for the company is positive, it currently has negative earnings. If you wanted to measure the progress of this firm, What...
-
Concord Corporation collected the following production data for the past quarter: Bottles Total Month Produced Cost March 5000 $201000 April 4100 174000 A May 3500 148500 If Concord uses the high-low...
-
Leon Tyler's VISA balance is $793.15. He may pay it off in 12 equal end-of-month payments of $75 each. What interest rate is Leon paying? (Round answer to 1 decimal place, e.g. 8.5%.) Interest rate %...
-
Calculate Laflin Company's cost of goods manufactured for the year? Laflin Company reported the following year-end information: Beginning work in process $1,080,000 inventory Beginning raw materials...
-
Write a program that generates the first 10 numbers in the Fibonacci sequence.
-
Are They Subspace of Rn? Determine whether or not the subsets of Rn given in Problem 1-2 are subspaces. If not, show what required properties they fail to have? 1. Is {(a, b, a - b, a + b) | a, b (...
-
Use Stokes' Theorem to evaluate f(y+sin x) dx+(z+cos y) dy+rdz, where C is the rve r(t) = (sint, cost, sin 2t), t = [0, 2].
-
What is the two-sided p-value for this test? Cardiovascular Disease Left ventricular mass (LVM) is an important risk factor for subsequent cardiovascular disease. A study is proposed to assess the...
-
Now perform the test using the exact method and obtain a 2-sided p-value? Cardiovascular Disease Left ventricular mass (LVM) is an important risk factor for subsequent cardiovascular disease. A study...
-
Compare your results in Problems 9.69 and 9.70? Cardiovascular Disease Left ventricular mass (LVM) is an important risk factor for subsequent cardiovascular disease. A study is proposed to assess the...
-
What effect will a corporation's emphasis on environmental responsibility have on its financial performance in both the short term and long term? Does this contradict the notation of maximizing the...
-
Examine the emergence of technology and electronic health systems in health care since the passage of the Health Insurance Portability and Accountability Act (HIPAA). Provide an analysis of the...
-
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor - hours. At the beginning of the year, it estimated that 70 , 0 0 0 direct labor - hours would...
Study smarter with the SolutionInn App