A client of yours is meeting with you, and during the meeting asks you about a stock position they have that just announced a 2-for-1 stock split. Prior to the split your client held 100 shares worth $40 each. After the stock split what is the value of each share ? Please round your answer to the nearest dollar, and do not use any symbols (i.e.: dollar sign, comma, or a decimal in your answer) For example: if your answer is $55 then it should be input as 55

Answer rating: 100% (QA)

After the 2for1 stock split the client will have twice the number of sh... View the full answer