Question: On December 14, XTO Energy Inc executed a 5-for-4 split. At that time, Ed owned 553 shares of that stock. The price per share was

On December 14, XTO Energy Inc executed a 5-for-4 split. At that time, Ed owned 553 shares of that stock. The price per share was $55.60 before the split. What is the pre-split value of Ed's stock? Do not include the dollar sign or commas.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!