Question: QUESTION 2 (Points: 10) 2. Assume that when you were in high school you saved $1,000 to invest for your college education. You purchased 200

 QUESTION 2 (Points: 10) 2. Assume that when you were in

QUESTION 2 (Points: 10) 2. Assume that when you were in high school you saved $1,000 to invest for your college education. You purchased 200 shares of Smiley Incorporated, a small but growing company. Over the three years that you have owned the stock, the corporation's board of directors has taken the following actions: . Declared a 2-for-1 stock split. Declared a 20 percent stock dividend. Declared a 3-for-1 stock split. . The current price of the stock is $12 per share. Calculate the current number of shares and the market value of your investment. 2.2. Explain the likely reason the board of directors of the company has not declared a cash dividend. 2.1

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