Question: Compute the revised par value after each stock split. Round answers to three decimal places. Revised Par Effective Date Value March 9, 1987 $ 1

Compute the revised par value after each stock split. Round answers

Compute the revised par value after each stock split. Round answers to three decimal places. Revised Par Effective Date Value March 9, 1987 $ 1 December 21, 1987 $ 0.5 June 16, 1989 $ 0.25 November 8, 1993 $ 0.125 February 22, 1995 $ 0.083 April 16, 1996 $ 0.056 August 15, 1997 $ 0.037 February 26, 1999 $ 0.025 January 18, 2000 $ 0.012 October 12, 2000 $ 0.006 b. On May 10, 2016, Oracle stock traded for about $60. All things equal, if Oracle had never had a stock split, what would a share of Oracle have traded for that same day? Round answer to the nearest dollar. $ 19,440

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