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spayn [35]
2 years ago
8

Assume that you own 3,600 shares of $10 par value common stock and the company has a

Business
1 answer:
kozerog [31]2 years ago
8 0

Answer:

The number of shares of common stock own after the stock spilt is 14,400

Explanation:

The number of shares of common stock own after the stock spilt is computed with the formula as:

Number of common stock after stock spilt = Number of common stock before stock spilt × Stock spilt multiple

= 3,600 × 4 / 1

= 14,400 shares

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Interest-on-Interest Consider a $1,500 deposit earning 4 percent interest per year for 7 years. How much total interest is earne
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