Question

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?

Answer 1

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.