Essay
You own 100 shares of stock in SplitsVille Corp. Over the past three days, SplitsVille has done the following: It first split its stock 2-for-1. One day later it declared a 100% stock dividend. After one more day it executed a 1-for-4 reverse split. If you did not buy or sell any shares in the firm over this period, how many shares of stock did you have after EACH transaction? What would you assume happened to the price of the firm's stock as a result of these activities?
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