Q: It seems that the BAM stock had a split on Dec 12 2022.
4 old BAM shares gave rise 1 BN share & 4 new BAM shares.
On Dec 9 ( a Friday), the Value of old BAM was us$43.15
On Dec 12 (the next Monday), BN was valued at US$33.64 and new BAM was valued at US$32.40.
So the 4 shares valued at us$172.60 before the split were worth US$163.24 after the split.
FYI, I am using avg prices as reported on Google Finance. It seems like a 5% drop on Day 1.
Questions:
1. Is my calculation correct?
2. are the prices of BAM and BN on Dec 12 2022 dependent on the Dec price on Dec 9 2022 or determined well in advance?
Thanks
4 old BAM shares gave rise 1 BN share & 4 new BAM shares.
On Dec 9 ( a Friday), the Value of old BAM was us$43.15
On Dec 12 (the next Monday), BN was valued at US$33.64 and new BAM was valued at US$32.40.
So the 4 shares valued at us$172.60 before the split were worth US$163.24 after the split.
FYI, I am using avg prices as reported on Google Finance. It seems like a 5% drop on Day 1.
Questions:
1. Is my calculation correct?
2. are the prices of BAM and BN on Dec 12 2022 dependent on the Dec price on Dec 9 2022 or determined well in advance?
Thanks