Mateo owns 10,000 shares in McCormick Spices, which currently has 500,000 shares outstanding.The share sells for $86 on the open market.McCormick's management has decided on a 2-1 split.
a.Will Mateo's financial position alter after the split, assuming that the shares will fall proportionately?
b.Assuming only a 35% fall on each share, what will be Mateo's value after the split?

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The Answer of Mateo owns 10,000 shares in McCormick Spices, which currently has 500,000 shares outstanding.The share sells for $86 on the open market.McCormick's management has decided on a 2-1 split.
a.Will Mateo's financial position alter after the split, assuming that the shares will fall proportionately?
b.Assuming only a 35% fall on each share, what will be Mateo's value after the split?

Mateo Owns 10,000 Shares in McCormick Spices, Which Currently Has