Explore BrainMass
Share

Compute new stock price after 7 for 2 stock split for Becker

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Becker Financial recently completed a 7-for-2 stock split. Prior to the split, it stock sold for $90 per share. If the total market value was unchanged by the split, what was the price of the stock following the split?

a) $23.21
b) $24.43
c) $25.71
d) $27.00
e) $28.35

© BrainMass Inc. brainmass.com October 25, 2018, 4:57 am ad1c9bdddf
https://brainmass.com/business/stock-dividends-and-stock-splits/compute-new-stock-price-after-7-for-2-stock-split-for-becker-401037

Solution Summary

Computation provided. No discussion.

$2.19
See Also This Related BrainMass Solution

Read (pages 22 -45) and answer the questions with full answers: Gardner Denver 10-K Report 2008.

1. Did the weighted average interest rate increase or decrease between 2008 and 2007?

2. Between 2008 and 2007, did income taxes as a percentage increase or decrease? Why might this be important?

3. What major economic variable or statistic is closely tied to the demand for compressor packages?

4. What major economic variable or statistic is closely tied to the demand for petroleum related fluid transfer products?

5. What is the company doing to reduce costs?

6. Comparing 2008 to 2007, did sales decrease in both product segments?

7. Comparing 2008 to 2007, what accounted for the decrease in gross profit?

8. Comparing 2008 to 2007, what accounted for the increase in selling and administrative expense?

9. Why did other operating expense go from $1.4 million in 2007 to $31.5 million in 2008? Is this a recurring item?

10. What was the bright spot in the fluid transfer product division in 2008?

View Full Posting Details