JB Appliance,Inc.stock is currently selling for $20 per share.The company completed a 5-for-1 stock split two days earlier.Two years ago,the company had a 2-for-1 stock split.If the stock splits had not happened,the price of JB Appliance,Inc.stock would,other things being equal,be

Question

Quizplus · Accepted Answer

The stock price is currently $20 after a 5-for-1 split, meaning it was $100 before the split. Two years ago, there was a 2-for-1 split, so before that, the price was $200.