AAAS 2050 : Bene Vincent AAAS Quiz FILM
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15 Mar 2019
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Determining Effects of Stock Splits
Oracle Corp has had the following stock splits since itsinception.
Effective Date | Split Amount |
---|---|
October 12, 2000 | 2 for 1 |
January 18, 2000 | 2 for 1 |
February 26, 1999 | 3 for 2 |
August 15, 1997 | 3 for 2 |
April 16, 1996 | 3 for 2 |
February 22, 1995 | 3 for 2 |
November 8, 1993 | 2 for 1 |
June 16,1989 | 2 for 1 |
December 21, 1987 | 2 for 1 |
March 9, 1987 | 2 for 1 |
a. If the par value of Oracle shares was originally $2, what wouldOracle Corp. report as par value per share on its 2015 balancesheet?
Compute the revised par value after each stock split.
Round answers to three decimal places.
Revised Par | |
---|---|
Effective Date | Value |
March 9, 1987 | $Answer |
December 21, 1987 | $Answer |
June 16, 1989 | $Answer |
November 8, 1993 | $Answer |
February 22, 1995 | $Answer |
April 16, 1996 | $Answer |
August 15, 1997 | $Answer |
February 26, 1999 | $Answer |
January 18, 2000 | $Answer |
October 12, 2000 | $Answer |
b. On May 10, 2016, Oracle stock traded for about $60. All thingsequal, if Oracle had never had a stock split, what would a share ofOracle have traded for that same day?
Round answer to the nearest dollar.
$Answer