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Leno4ka [110]
3 years ago
10

Shortly after Samantha sold her shares, the price per share increased by $1.60. Another

Mathematics
1 answer:
Sophie [7]3 years ago
3 0

Answer:

Not affected

Step-by-step explanation:

Given: Shortly after Samantha sold her shares, the price per share increased by \$1.60. Another  investor in the corporation, Jeffrey, owned 845 shares of Graham Corporation. A 3-\text{for}-5 reverse stock split was announced.

To Find: how was Jeffrey financially affected by the split.

Solution:

Number of shares Jeffrey had =845

Let the stock value of share after Samantha sold her share =\text{x}

Total value of Jeffrey's shares =845\text{x}

As a 3 for 5 stock split was announced

Each 5 share is merged into 3 shares and value of share is increased in respective ratio such that

\text{total value of shares before split}=\text{Total value of share after split}

Now,

Number of share Jeffrey had after split =\frac{3}{5}\times845

                                                                 =507

Stock value of share after split               =\frac{5}{3}\text{x}

Total value of Jeffrey's shares                =507\times\frac{5}{3}\text{x}

                                                                 =845\text{x}  

As the value of Jeffrey's stock before and after split is same therefore Jeffrey is not financially affected by the split.

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