What is the new quantity of shares and the resulting value

Reference no: EM13899311

The ADJO Prison Corporation is declaring a stock split as a method of improving the affordability of its stock. An investor owns 10,000 shares of ADJO stock that is valued at $90.00 per share. ADJO declares a two-for-one stock split. Given these observations, what is the new quantity of shares and the resulting value per share? Instead of a two-for-one split, what is the new quantity of shares and the resulting value per share if a three-for-one split is declared?

Reference no: EM13899311

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