Question

Tamara owns 595 shares of stock in a home appliance company. The value of the stocks is

$12.75 per share. The company offers a 5:1 stock split.
How many shares does Tamara own of the company after the stock split?​

Answer 1

2,975

Step-by-step explanation:

All I did is 595*5=2,975

UωU ≥ω≤

Answer 2

Answer: 2,975 shares at $2.55 per share

Step-by-step explanation:

The split decreases the price per share but must mantein the original amount of money owed of shares.

So will increas the amount of share up to the original amount of money in shares

595 shares (x) $12.75 = $7,586.25

12.75 ÷5= $2.55 (new price per share).

Shares needed to get the original $7,586.25

$7,586.25 ÷ $2.55 = 2,975 shares after the split.