What do you need to know about stock splits and consolidations?
The previous market cap is the earlier number of total shares times the earlier price per share, which is $50 million ($5 x 10 million). The market cap following the stock merger is the new number of total shares times the new price per share, which is also $50 million ($25 x 2 million). Share consolidation […]
Is My Car An Asset Or A Liability?
In those cases, the loan does little more than offset the value of your car. When figuring your net worth, you subtract what you owe on your car from its value. In some cases, if you have a car that depreciates rapidly or if you have a high interest rate, you can reach a point […]