Write the spreadsheet formula that will calculate the post-split price per share in C4. The ratio for the split is entered in cells B2 and C2. For example, the ratio of 2-for-1 would be entered as a 2 in B2 and a 1 in C2. The number of pre-split shares is entered in B3 and the pre-split price is entered
Chapter 8, Application 8.8 #14
Write the spreadsheet formula that will calculate the post-split price per share in C4.
The ratio for the split is entered in cells B2 and C2. For example, the ratio of 2-for-1 would be entered as a 2 in B2 and a 1 in C2. The number of pre-split shares is entered in B3 and the pre-split price is entered in B4.
This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!
Related Book For 
Financial Algebra Advanced Algebra With Financial Applications
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
ISBN: 9781337271790