In february, Robbins and Myers, Inc. executed a 2-for-1 split. janine had 470 shares before the spilit. each share was worth $69.48. A. how many shares did she hold after the split? B. what was the post-split price per share? C. show that the split was a monetary non-event for janine?

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Mathematics

Maren Ingram

17 February, 16:30

In february, Robbins and Myers, Inc. executed a 2-for-1 split. janine had 470 shares before the spilit. each share was worth $69.48. A. how many shares did she hold after the split? B. what was the post-split price per share? C. show that the split was a monetary non-event for janine?

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Ian Ward · Answer 1

After the split, Janine had 960 share worth $34.74. Since they doubled the amount of share, but decrease the amount of each share, Jane didn't gain or lose any money during the event.