katelyn owns 140 shares of a stock that sells for $39 a share before a 3-for-2 split is announced. After the split, how many sha
1 answer:
Answer: Katelyn will have 210 shares that worth for $26 a share.
Step-by-step explanation:
After a 3-for-2 stock split, Katelyn will have three shares for every two shares you used to own.
Since, Initially, Katelyn owns 140 shares of a stock
Therefore, New number of shares Katelyn has = 140 × 3/2 = 210
And, Since, initially one share cost = $ 39
Therefore, After 3-for-2 stock split, the price of the shares = = 26
Thus, They will worth $26 a share.
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