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butalik [34]
3 years ago
9

Tyler Weinrich, a single investor in the 15% federal tax bracket, owns 150 shares of Newmont Exploration. The stock has risen fr

om its price of $40 a share to $75 a share. Because the board of directors believes that Newmont Exploration will be more actively traded in the $40 to $60 range, it has just announced a 3-for-1 stock split. Assuming no other information came out about Newmont Exploration, how many shares would Tyler have and what would be their price after the split?
Business
1 answer:
aleksandrvk [35]3 years ago
8 0

Answer:

450 shares

$25

Explanation:

a 3 for 1 stock split is when 1 unit of shares is increased by 3

150 shares becomes (150 x 3) = 450

price becomes = $75/3 = $25

stock splits have no economic effect on the company and total shareholders wealth does not change

price / earnings does not change and market equity does not change

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4 0
3 years ago
Johnson Company has current year accounts payable of $25,000 and cost of goods sold of $100,000. Compute Johnson Company’s days’
natita [175]

Answer:

the days payable outstanding is 91.25 days

Explanation:

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Days' payable outstanding is

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7 0
3 years ago
Define Moore’s Law and explain why its consequences are important to business professionals today. State how business profession
balandron [24]

Answer:

Explanation:

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7 0
4 years ago
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Read more: <span>http://www.finweb.com/banking-credit/is-your-internet-bank-legitimate-how-to-tell.html#ixzz4PKL0rVJ8


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4 0
3 years ago
There are three clues labeled "daily double" on the game show Jeopardy. If three equally matched contenders play, what is the pr
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Answer:

a)  0.0358

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Number of clues "daily doubles" = 3

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3 years ago
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