Asked by Madison Petitto on Apr 24, 2024
Katelyn owns 140 shares of a stock that sells for $39 a share before a 3-for-2 split is announced.After the split,how many shares of the stock will Katelyn own and what will they be worth?
Stock Shares
Units of ownership in a corporation that represent a claim on part of the corporation's assets and earnings.
- Understand and calculate stock splits.
Learning Objectives
- Understand and calculate stock splits.