Stock Splits

On October 12th, the Alcoa Corporation executed a 5 : 4 stock split. At that time, an investor owned 542 shares. The price per share was $28.50. After the split, the investor received a check for a fractional part of a share. What was the amount of the check?

• 22.80

• 11.40

• 32.50

• 36.40

Tags

CCSS.6.RP.A.3B

If a company issues a 5 : 6 stock, an investor will have more shares after the split is executed and the price per share will be higher than the pre-split price.

• True

• False

Tags

CCSS.7.RP.A.3

After a company issued a 4 : 3 stock split, the new share price was $56.25. What was the pre-split price of the stock?

• 56.25

• 93.75

• 65.52

• 100.00

Tags

CCSS.6.RP.A.3B

Yesterday, Tenser Inc. executed a 3-for-1 split. Jamie was holding 600 shares of the stock before the split and each was worth $34.11. How many shares did she hold after the split? What was the post-split price per share?

• 200, 11.37

• 1800, 102.33

• 200, 102.33

• 1800, 11.37

Tags

CCSS.7.EE.B.3

A stock opened at 5.23 and closed at 5.49. What is the percent of change (gain) to the nearest whole percent?

• 5%

• 4%

• 6%

• 3%

Tags

CCSS.6.RP.A.3C

Qual Comm, Inc. instituted a 4-for-1 split in November. After the split, Elena owned 12,800 shares. How many shares had she owned before the split?

• 3200

• 320

• 38400

• 8400

Tags

CCSS.6.RP.A.3D

In October, Johnson Controls, Inc instituted a 3-for-1 split. After the split, the price of one share was $39.24. What was the pre-split price per share?

• 117.42

• 13.08

• 116.24

• 15.02

Tags

CCSS.6.NS.B.3

Steve owned 942 shares of Graham Corporation. On January 3, a 5-for-4 split was announced. The stock was selling at $56 per share before the split. After the split, Steve received a check in the mail for a fractional part of a share. How much was the check?

• 44.80

• 11.20

• 22.40

• 89.60

Tags

CCSS.7.NS.A.2B

Jillian owns 60% of the stock in a private catering corporation. There are 1,200 shares in the entire corporation. How many shares would she have to sell in order to only own 51% of the shares?

• 108

• 122

• 120

• 720

Tags

CCSS.6.RP.A.3C

In a reverse stock split, the investor receives fewer shares and the price of one share increases.

• True

• False