Multiple Choice
You own 100 shares of Troll Brothers' stock,which currently sells for $120 a share.The company is about to declare a 2-for-1 stock split.Which of the following best describes your likely position after the split?
A) You will have 200 shares of stock,and the stock will trade at or near $120 a share.
B) You will have 200 shares of stock,and the stock will trade at or near $60 a share.
C) You will have 100 shares of stock,and the stock will trade at or near $60 a share.
D) You will have 50 shares of stock,and the stock will trade at or near $120 a share.
E) You will have 50 shares of stock,and the stock will trade at or near $600 a share.
Correct Answer:
Verified
Correct Answer:
Verified
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