Multiple Choice
All of the following statements are true about a 3-for-1 split, except:
A) Total contributed capital increases.
B) The market price will probably decrease.
C) Par value per share is reduced to one-third of what it was before the split.
D) A stockholder with twenty shares before the split owns sixty shares after the split.
Correct Answer:

Verified
Correct Answer:
Verified
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