On​ Friday, August​ 28, 2020, the stock of Tesla Inc. closed at ​$2,217.99 per share. On the following​ Monday, the company split its stock 3​-for-1, and the stock price traded for ​$741.42 per share. Were Tesla shareholders better​ off, worse​ off, or in the same position after the split compared with​ before? What return did they earn from Friday to​ Monday? The price of Tesla immediately after the split is predicted to be ​$(enter your response here) per share. What calculation should I use to figure out the

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 15EB: Nutritious Pet Food Companys board of directors declares a 2-for-1 stock split on June 30 when the...
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On​ Friday, August​ 28, 2020, the stock of Tesla Inc. closed at ​$2,217.99 per share. On the following​ Monday, the company split its stock 3​-for-1, and the stock price traded for ​$741.42 per share. Were Tesla shareholders better​ off, worse​ off, or in the same position after the split compared with​ before? What return did they earn from Friday to​ Monday?

The price of Tesla immediately after the split is predicted to be ​$(enter your response here) per share.

What calculation should I use to figure out the answer?

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