on 30 january 2002 you bought one share of abc, Finance Basics

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on 30 january 2002 you bought one share of abc

On 30 January 2002, you bought one share of ABC for $80. On 30 January 2003, the stock split 2 for 1. On 31st July 2003, the stock splits 2 for 1 and on 31st January 2004, the stock price is $25.

a. Evaluate the cumulative adjustment factor

b. Determine the return since you bought the stock.

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Finance Basics: on 30 january 2002 you bought one share of abc

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Finance Basics: on 30 january 2002 you bought one share of abc

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