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Yesterday, Berryman Investments was selling for $145 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock
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Yesterday, Berryman Investments was selling for $145 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock today? Select the correct answer. a. $41.43 b. $44.19 c. $42.12 d. $43.50 e. $42.81

User Rotemitz
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1 Answer

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Answer: $41.4

Step-by-step explanation:

From the question, we are informed that yesterday, Berryman Investments was selling for $145 per share and.that today, the company completed a 7-for-2 stock split.

If the total market value was unchanged by the split, the price of the stock today will be:

= $145 ÷ 7/2

= $145 × 2/7

= $145 × 0.2857

= $41.4

User Nisreen
by
4.3k points
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