The Woorhoos Lock Company is planning a two-for-one stock split

| April 14, 2018

The Woorhoos Lock Company is planning a two-for-one stock split. You own 5,000 shares of Woorhoos common stock that is currently selling for $120 a share. What is the value of yourWoorhoos stock now, and what will it be after the split? Alligator’s CFO says that the value of theshares will decline less than proportionately with the split because the stock is now out of its tradingrange.If the decline is 45%, how much will the split make you?

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