You purchased 200 shares of smiley inc. a small but, Ask an Expert

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Assume that when you were in highschool you saved $1000 to invest for your college education. You purchased 200 shares of Smiley Inc., a small but profitable company. Over the three years that you have owned the stock, the corporation's board of directors have taken the following actions:

1. declared a 2-for-1 stock split
2. declared a 20 percent stock dividend
3. declared a 3-for-1 stock split

The current price of the stock is $12

a. find out the current number of shares and the market value of your investment.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M963210

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