I am having diffuclty answering question b a If the par valu

I am having diffuclty answering question b.

a. If the par value of Oracle shares was originally $2, what would Oracle Corp. report as par value per share on its 2015 balance sheet? Compute the revised par value after each stock split. Round answers to three decimal places. Revised Par Effective Date Value March 9, 1987 December 21, 1987 $ 0.5 June 16, 1989 0.25 November 8, 1993 0.083 0.056 0.037 0.025 February 22, 1995 April 16, 1996 August 15, 1997 February 26, 1999 January 18, 2000 S 0.013 October 12, 2000 0.007 b. On May 10, 2016, Oracle stock traded for about $60. All things equal, if Oracle had never had a stock split, what would a share of Oracle have traded for that same day? Round answer to the nearest dollar. 17,143

Solution

Solution b:

Share value fo oracle on May 10, 2016 = $60

Par value of share = $0.007

If oracel had never had a stock split the share of oracle have traded for the same day = $60 / $0.007 * 1 = $8,571