Josie owns 800 shares of Innovative Marketing Strategies Inc. It currently has a share price of $87.00

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Josie owns 800 shares of Innovative Marketing Strategies Inc. It currently has a share price of $87.00 per share. The board is considering a three for two stock split.

How much is Josie's investment in IMS BEFORE the split?

How many shares will Josie own AFTER the split?

What will each share be worth AFTER the split? How much will Josie have invested in IMS AFTER the split?

Related Book For answer-question

Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Posted Date: Apr 04, 2024 06:39 AM

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Josie owns 800 shares of Innovative Marketing Strategies Inc. It currently has a share price of $87.00

Question:

Expert Answer:

Before the split Josies investment in IMS is worth 800 shares x 8700 per share 7... View the full answer

Concepts In Federal Taxation

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