contestada

Vilma owns 750 shares of Aeropostale. On August 22, the corporation
instituted a 3 for 2 split. Before the split, each share was worth $34.89.
a. How many shares did Vilma hold after the split?
b. What was the post-price per share after the split?

Respuesta :

abiolataiwo2015

a. How many shares did Vilma hold after the split is 1,125 shares

b. The post-price per share after the split is 23.26 shares

Given:

3 for 2 split

750 shares of Aeropostale

Share  worth $34.89

1. How many shares did Vilma hold after the split

Vilma Number of Shares=3/2×750 shares

Vilma Number of Shares=1,125

2. The post-price per share after the split

Post-price per share=2/3×$34.89

Post-price per share=23.26 shares

Inconclusion:

a. How many shares did Vilma hold after the split is 1,125 shares

b. The post-price per share after the split is 23.26 shares

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