Verify that Jons method works to determine the post-split price and shares outstanding for HVC, which executed
Question:
Verify that Jon’s method works to determine the post-split price and shares outstanding for HVC, which executed a 4-for-1 split on July 10 with 22,676,800 outstanding shares and a market price of $203.80 per share before the split.
Jon noticed that most traditional splits are in the form x-for-1. He says that in those cases, all you need do is multiply the number of shares held by x and divide the price per share by x to get the post-split numbers.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted: