Kelly owns 10,000 shares in McCormick Spices,which currently has 500,000 shares outstanding.The shares sell for $86 on the open market.McCormick's management has decided on a 2-1 split.
a.Will Kelly'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 Kelly's value after the split?

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The Answer of Kelly owns 10,000 shares in McCormick Spices,which currently has 500,000 shares outstanding.The shares sell for $86 on the open market.McCormick's management has decided on a 2-1 split.
a.Will Kelly'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 Kelly's value after the split?

Kelly Owns 10,000 Shares in McCormick Spices,which Currently Has 500,000