Question: Problem 10-09 In Year 1, VF Corporation split its stock four for one. On the day prior to the split, the stock sold for $238.20.

Problem 10-09

In Year 1, VF Corporation split its stock four for one.

On the day prior to the split, the stock sold for $238.20.

What is the anticipated price of the stock when the split is effective?

Round your answer to the nearest cent.

$

On the day that the split was effective, VF stock closed at $59.11.

What was the change in the price of the stock?

Round your answer to the nearest cent.

Use a minus sign to enter a negative value, if any.

$

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