Vito owned 120 shares of a stock before tha corporation instituted a 5 for 3 split. Before the split, the stock was selling at 16 a share. Vito now has 200 shares of te stick that is worth about $26.67 each

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01-10-2018
Mathematics

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Vito owned 120 shares of a stock before tha corporation instituted a 5 for 3 split. Before the split, the stock was selling at 16 a share. Vito now has 200 shares of te stick that is worth about $26.67 each

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claudettoterohil claudettoterohil · Answer 1 · 2018-10-01T07:30:53+02:00

claudettoterohil claudettoterohil

01-10-2018

Vito owned 120 shares of a stock before that corporation instituted a 5 for 3 split. Before the split, the stock was selling at 16 a share. Vito now has 200 shares of the stock that is worth about $26.67 each

Answer =======> False

Post-split number of shares: 5/3 * 120 = 200

post-split price: 3/5 * 16 = $9.60

Hope that helps!!! : )

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