An investor owns 26.74 million shares in Risky Business at the start of this year....
60.1K
Verified Solution
Link Copied!
Question
Finance
An investor owns 26.74 million shares in Risky Business at the start of this year. The company is an Australian firm currently trading on the ASX and it is about to announce a 4-for-1 stock split. Two days after the stock split, the stock price was $18.39/share and it was $82.56/share at the start of this year. The value of Risky Business shares owned by the investor two days after the stock split would be $Answermillion. [Note: Your answer must be accurate to two decimal places, but you may leave your answer with more than 2 decimal places.]
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.