in february,Robbins and Myers,Inc.executed a 2-for-1 split.janine had 470 shares before the spilit.each share was worth $69.48.

Question

4 years ago

15

in february,Robbins and Myers,Inc.executed a 2-for-1 split.janine had 470 shares before the spilit.each share was worth $69.48.

A.how many shares did she hold after the split? B.what was the post-split price per share? C.show that the split was a monetary non-event for janine?

Mathematics

1 answer:

aleksley [76] · Answer 1 · 2021-12-31T06:14:53+03:00

aleksley [76]4 years ago

3 0

<span>After the split, Janine had 960 share worth $34.74. Since they doubled the amount of share, but decrease the amount of each share, Jane didn't gain or lose any money during the event.</span>