Question: In February, Robbins and Myers, Inc. executed a 2-for-1 split. Janine had 470 shares before the split. Each share was worth $69.48. a. How many
In February, Robbins and Myers, Inc. executed a 2-for-1 split. Janine had 470 shares before the split. Each share was worth $69.48.
a. How many shares did she hold after the split?
b. What was the post-split price per share?
c. Show that the split was a monetary non-event for Janine.
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